US Fed announces 1st interest rate hike in over 3 years as inflation stays sticky Xinhua | Updated: 2026-09-17 02:08

https://www.chinadaily.com.cn/a/202609/17/WS6aaadb08e4b06d4aa055e701.html WASHINGTON -- The US Federal Reserve on Wednesday raised its target federal funds rate by 25 basis points to a range of 3.75 percent to 4 percent to address persistent inflation, marking its first interest rate hike since July 2023.