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# FED raises interest rates
- URL: https://steel-veritas.ghost.io/fed-raises-interest-rates/
- Published: 2026-09-16T21:20:02.000Z
- Updated: 2026-09-16T21:20:02.000Z
- Author: David Adams

Consistent with Wall Street and market expectations, the USA Federal Open Market Committee unanimously voted to increase federal funds by 1/4 point from 3.7% to 4%. Influenced by Iran war inflation, increasing energy cost, aiming to establish price stability, and consistent with the FED's 2% target, the FED raised rates for the first time since 2023\. 

“The plain fact is that inflation is too high and has been for too long... This summer’s inflation readings do not tell me that underlying trends have meaningfully improved.”.... Our decision comes at a time when the American economy appears to be strengthening..... New hiring, private sector earnings, business capital investment — each of these markers has improved in recent months and is pointing in a good direction.”

According to Wednesday's interest rate projections, 12 of the 19 FED officials anticipated another quarter-point rate rise before year's end. 4 FED officials expected two rate increases before year's end. 2 FED officials anticipated the FEDs borrowing cost to remain unchanged. 

August's 162,000 jobs added report allowed the FED to declare having delivered on maximum employment. “Job gains have kept pace with the workforce, and the unemployment rate has changed little,” Warsh stated.

Market perception is FED chair Kevin Warsh 3:00PM EST 30-minute presentation was consistent with his desire not to hold markets’ hands with too many hints about the future paths of US interest rates and to answer reasonable questions about the country’s economy.