{"id":2147782,"date":"2026-09-16T18:25:58","date_gmt":"2026-09-16T15:25:58","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2147782"},"modified":"2026-09-16T18:25:58","modified_gmt":"2026-09-16T15:25:58","slug":"fed-raises-rates-for-the-first-time-since-2023-in-unanimous-vote-defying-trump","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2147782","title":{"rendered":"Fed raises rates for the first time since 2023 in unanimous vote defying Trump"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/91\/55\/94\/1200x675_cmsv2_ca62bf61-2337-5067-814c-817adc3ff2fa-9915594.jpg&#8221;]<\/p>\n<article id=\"abe-2926254-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2926254\" data-cid=\"9916076\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926254-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/60\/76\/189x106_cmsv2_1bf47c44-91f8-5b79-b4ba-ac84062f4f90-9916076.jpg\" loading=\"lazy\" alt=\"Former Kosovo president Hashim Thaci, top left, appears before the Kosovo Tribunal \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Kosovo war crimes court jails ex-president Hashim Tha\u00e7i for 25 years, sparking mass protests\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2926277-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2926277\" data-cid=\"9916221\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926277-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/62\/21\/189x106_cmsv2_effa877b-1540-5e35-b70d-d20e80f8d473-9916221.jpg\" loading=\"lazy\" alt=\"Local residents unveil a &quot;Principality of Piddington&quot; sign in the village of Piddington\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    English village votes to &#8216;secede&#8217; from UK over asylum centre plan\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2926273-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2926273\" data-cid=\"9916192\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926273-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/61\/92\/189x106_cmsv2_a41c8fa7-69b4-55f2-8fa4-e4f87a12a6a1-9916192.jpg\" loading=\"lazy\" alt=\"Diesel prices have risen above \u20ac2 per litre in France with TotalEnergies gas stations maintaining low prices across the country.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<div class=\"the-media-object__title  \">\n<p>    France: TotalEnergies pumps up controversy with cut-price fuel\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2926286-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2926286\" data-cid=\"9916255\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926286-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/62\/55\/189x106_cmsv2_cd13b8c2-8d28-540b-a0a0-683ae014aa59-9916255.jpg\" loading=\"lazy\" alt=\"Latest news bulletin | September 16th, 2026 \u2013 Evening\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Top News Stories Today<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Latest news bulletin | September 16th, 2026 \u2013 Evening\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2926254-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2926254\" data-cid=\"9916076\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926254-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/60\/76\/189x106_cmsv2_1bf47c44-91f8-5b79-b4ba-ac84062f4f90-9916076.jpg\" loading=\"lazy\" alt=\"Former Kosovo president Hashim Thaci, top left, appears before the Kosovo Tribunal \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Kosovo war crimes court jails ex-president Hashim Tha\u00e7i for 25 years, sparking mass protests\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2926277-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2926277\" data-cid=\"9916221\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926277-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/62\/21\/189x106_cmsv2_effa877b-1540-5e35-b70d-d20e80f8d473-9916221.jpg\" loading=\"lazy\" alt=\"Local residents unveil a &quot;Principality of Piddington&quot; sign in the village of Piddington\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    English village votes to &#8216;secede&#8217; from UK over asylum centre plan\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2926273-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2926273\" data-cid=\"9916192\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926273-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/61\/92\/189x106_cmsv2_a41c8fa7-69b4-55f2-8fa4-e4f87a12a6a1-9916192.jpg\" loading=\"lazy\" alt=\"Diesel prices have risen above \u20ac2 per litre in France with TotalEnergies gas stations maintaining low prices across the country.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<div class=\"the-media-object__title  \">\n<p>    France: TotalEnergies pumps up controversy with cut-price fuel\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2926286-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2926286\" data-cid=\"9916255\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926286-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/62\/55\/189x106_cmsv2_cd13b8c2-8d28-540b-a0a0-683ae014aa59-9916255.jpg\" loading=\"lazy\" alt=\"Latest news bulletin | September 16th, 2026 \u2013 Evening\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Top News Stories Today<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Latest news bulletin | September 16th, 2026 \u2013 Evening\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Economy<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            Fed raises rates for the first time since 2023 in unanimous vote defying Trump<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/55\/94\/1536x864_cmsv2_ca62bf61-2337-5067-814c-817adc3ff2fa-9915594.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"FILE. Federal Reserve Board Chairman Kevin Warsh speaks during a news conference in Washington, 29 July 2026\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              FILE. Federal Reserve Board Chairman Kevin Warsh speaks during a news conference in Washington, 29 July 2026<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo\/Mark Schiefelbein<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\/Mark Schiefelbein\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspQuirino Mealha\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1789583158\">\n                    Published on                 <time datetime=\"2026-09-16 20:25:58 +02:00\">16\/09\/2026 &#8211; 20:25 GMT+2<\/time><span class=\"c-article-publication-date__bullet\">\u2022<\/span>Updated<br \/>\n                                     <time datetime=\"20:36\">20:36<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div id=\"js-c-article-share-comment-popup\" class=\"c-article-share-comment-popup js-c-article-share-comment-popup\">\n<div class=\"c-article-share-comment-popup__header u-display-flex\"><span>Share<\/span><img decoding=\"async\" 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class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"24\" height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        The Federal Reserve has raised its benchmark interest rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023, in a unanimous 12-0 vote that puts Chair Kevin Warsh directly at odds with the US president who appointed him.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>Kevin Warsh has broken away from US President Donald Trump in his first Fed move, and he has done it with the entire committee behind him.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>The Federal Open Market Committee lifted rates on Wednesday after holding them at 3.5% to 3.75% since December, ending a pause that had grown harder to justify as energy costs pushed prices higher.<\/p>\n<p>Not a single member dissented in a unanimous 12-0 vote.<\/p>\n<p>That matters because the pressure ran in both directions as three regional presidents had voted for a hike in July, while the White House spent months demanding cuts.<\/p>\n<p>Nobody voted for either extreme.<\/p>\n<p>At the time of writing, the market reaction to the decision has been fairly muted likely due to the fact that the hike was widely expected.<\/p>\n<h2>A statement stripped to the bone<\/h2>\n<p>The Fed&#8217;s communication was as striking as its decision.<\/p>\n<p>The statement ran to three short paragraphs, a fraction of the length markets are used to, with no forward guidance and no hedging.<\/p>\n<p>&#8220;Inflation remains elevated,&#8221; it read, adding that &#8220;today&#8217;s policy action will support a timelier return to the Committee&#8217;s 2 percent goal.&#8221; <\/p>\n<p>The word &#8220;timelier&#8221; carries an implicit admission that the return had been too slow.<\/p>\n<p>Then a sentence the Fed almost never writes: &#8220;The Committee will deliver price stability.&#8221; Not seeks to, not is committed to. Will.<\/p>\n<p>The economic assessment was also confident throughout.<\/p>\n<p>Activity is &#8220;expanding at a solid pace&#8221;, domestic spending &#8220;has been resilient&#8221;, productivity growth is &#8220;strong&#8221; and capital investment &#8220;robust&#8221;, while job gains &#8220;have kept pace with the workforce&#8221;.<\/p>\n<p>Uncertainty remains elevated, the Fed said, owing partly to &#8220;geopolitical developments&#8221;, its formulation for the Iran war.<\/p>\n<p>By describing an economy in good health, the committee removed the argument that higher rates would damage growth, which is precisely the case US President Donald Trump has been making.<\/p>\n<h2>Boxed in by the data<\/h2>\n<p>The decision had been building for months.<\/p>\n<p>Three regional Fed presidents dissented in July in favour of an increase, the most in one direction since 2016, and several others said afterwards they were ready to move unless inflation eased which it did not.<\/p>\n<p>The Fed&#8217;s preferred gauge, the personal consumption expenditures index, ran at 3.7% in both June and July, with core inflation at 3.3%. Before the Iran war sent fuel prices climbing, core stood at 3%.<\/p>\n<p>Consumer prices held at 3.4% in August, but the monthly increase of 0.4% was the sharpest since May, evidence the energy shock is feeding through. Inflation has now been above the 2% target for more than five years.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\" id=\"abe-article-related-1\">\n<li class=\"c-widget-related__item\">Warsh flags inflation concerns as he rejects Fed forward guidance<\/li>\n<li class=\"c-widget-related__item\">US inflation holds at 3.4% as monthly price rises hit fastest pace since May<\/li>\n<\/ul>\n<\/div>\n<p>Warsh had effectively committed himself at Jackson Hole in August, telling the symposium he &#8220;would be hard pressed to describe broad financial conditions as restrictive&#8221; and warning that unless underlying inflation moved to target &#8220;clearly and at sufficient speed&#8221;, the Fed had &#8220;work to do&#8221;.<\/p>\n<p>Markets took him at his word as the CME&#8217;s FedWatch tool put the probability of a rate hike above 90% before today&#8217;s decision.<\/p>\n<h2>Defying the president who chose him<\/h2>\n<p>US President Donald Trump had spent months demanding the opposite, insisting the country should have the lowest interest rates in the world and choosing Warsh partly on the expectation he would deliver them.<\/p>\n<p>Warsh himself said while campaigning for the job that rates could come down.<\/p>\n<p>The treatment of his predecessor sharpened the stakes as Jerome Powell was publicly attacked for moving too slowly, and the US Justice Department opened a criminal investigation into testimony he gave to Congress.<\/p>\n<p>Today&#8217;s decision could also have a restoring effect on the perceived independence of the Federal Reserve as an institution.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.6665\">\n<div class=\"widget__wrapper\">\n<div class=\"widget__ratio widget__ratio--auto\">\n<div class=\"widget__contents\">\n<figure class=\"widget__figure\"><img decoding=\"async\" class=\"widgetImage__image\" loading=\"lazy\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/55\/94\/808x539_cmsv2_62e45de9-4a5e-5233-9cdb-329d63514169-9915594.jpg\" alt=\"US President Donald Trump applauds Kevin Warsh, after being sworn in as Chairman of the Federal Reserve in the East Room of the White House, 22 May 2026\"><figcaption class=\"widget__caption\"><span class=\"widget__captionWrap\"><span class=\"widget__captionText\">US President Donald Trump applauds Kevin Warsh, after being sworn in as Chairman of the Federal Reserve in the East Room of the White House, 22 May 2026<\/span><span class=\"widget__captionCredit\">AP Photo\/Manuel Balce Ceneta<\/span><\/span><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The technical details point to a Fed settling in at the new level.<\/p>\n<p>The interest rate on reserve balances rises to 3.90% from Thursday, the primary credit rate to 4%, and standing repurchase operations will run at 4%. Seven regional reserve banks requested the discount rate increase.<\/p>\n<p>The Fed\u2019s new dot plot shows 12 of 18 officials expect another 0.25% hike by year-end, taking rates to 4.125%, while four see rates reaching 4.375%.<\/p>\n<p>The hawkish signal extends well beyond 2026 as 14 officials see rates ending 2027 above today\u2019s level, while the 2028 median stands at 3.9% versus 3.4% expected.<\/p>\n<p>The longer-run rate also rose to 3.2%, suggesting officials increasingly believe neutral rates have moved higher while economists also expect more to follow.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2925731-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2925731\" data-cid=\"9913487\" data-part-label=\"Partner content\">\n<figure id=\"abe-2925731-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/34\/87\/480x270_cmsv2_6677464a-9b5a-545d-9e95-f0a68bcc63b4-9913487.jpg\" loading=\"lazy\" alt=\"French President Emmanuel Macron delivers a speech at the International Space Summit at the Grand Palais in Paris, Thursday, Sept. 10, 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Why Greece now borrows more cheaply than France<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2925774-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2925774\" data-cid=\"9913635\" data-part-label=\"Partner content\">\n<figure id=\"abe-2925774-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/36\/35\/480x270_cmsv2_271bf94e-3365-5a67-8b68-d5308bcea6a0-9913635.jpg\" loading=\"lazy\" alt=\"Michael Gallucchi Traders works on the floor at the New York Stock Exchange in New York, Monday, 14 Sept. 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Markets<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    US 10-year Treasury yield breaches 5% as global bond sell-off deepens<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2925007-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2925007\" data-cid=\"9910519\" data-part-label=\"Partner content\">\n<figure id=\"abe-2925007-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/05\/19\/480x270_cmsv2_ae596d2c-bcb5-5d7b-a483-b40dea029227-9910519.jpg\" loading=\"lazy\" alt=\"File - A man looks in the window of an estate agency with properties mainly for sale in Madrid, Spain, Tuesday, 18 April 2023. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    How the ECB rate hike will affect mortgage borrowers<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Interest rates<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  USA<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Federal Reserve<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Kevin Warsh<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  monetary policy<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Inflation<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"tp-vuukle\">\n<div class=\"c-vuukle-skeleton\" aria-hidden=\"true\">\n<div class=\"c-vuukle-skeleton__header\"><span class=\"c-vuukle-skeleton__title\">Comments<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2926250-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2926250\" data-cid=\"9916047\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926250-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/60\/47\/320x180_cmsv2_0db5cdff-acb7-538c-af57-b9ae0aa2ff1e-9916047.jpg\" loading=\"lazy\" alt=\"File - Langdock co-chief executives Lennard Schmidt and Judith Dada. Courtesy of Langdock.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    German AI start-up spends millions to move parent company from the US<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2926152-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2926152\" data-cid=\"9915699\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926152-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/55\/33\/320x180_cmsv2_6e537a84-9341-5798-aad8-fc7a62ce52c2-9915533.jpg\" loading=\"lazy\" alt=\"House prices have risen much faster than wages.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title 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bill<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2925072-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2925072\" data-cid=\"9910768\" data-part-label=\"Partner content\">\n<figure id=\"abe-2925072-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/07\/68\/320x180_cmsv2_e85a5391-310c-591c-8f1b-753d3bc4a2c8-9910768.jpg\" loading=\"lazy\" alt=\"People, most of them wearing protective face masks, gather during a healthcare workers&apos; protest in downtown Brussels, Saturday, May 29, 2021. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Public spending across Europe: Where does the money go?<br \/>\n  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class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span 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src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2925731-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2925731\" data-cid=\"9913487\" data-part-label=\"Partner content\">\n<figure id=\"abe-2925731-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/34\/87\/480x270_cmsv2_6677464a-9b5a-545d-9e95-f0a68bcc63b4-9913487.jpg\" loading=\"lazy\" alt=\"French President Emmanuel Macron delivers a speech at the International Space Summit at the Grand Palais in Paris, Thursday, Sept. 10, 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Why Greece now borrows more cheaply than France<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2925774-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2925774\" data-cid=\"9913635\" data-part-label=\"Partner content\">\n<figure id=\"abe-2925774-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/36\/35\/480x270_cmsv2_271bf94e-3365-5a67-8b68-d5308bcea6a0-9913635.jpg\" loading=\"lazy\" alt=\"Michael Gallucchi Traders works on the floor at the New York Stock Exchange in New York, Monday, 14 Sept. 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Markets<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    US 10-year Treasury yield breaches 5% as global bond sell-off deepens<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2925007-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2925007\" data-cid=\"9910519\" data-part-label=\"Partner content\">\n<figure id=\"abe-2925007-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/05\/19\/480x270_cmsv2_ae596d2c-bcb5-5d7b-a483-b40dea029227-9910519.jpg\" loading=\"lazy\" alt=\"File - A man looks in the window of an estate agency with properties mainly for sale in Madrid, Spain, Tuesday, 18 April 2023. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    How the ECB rate hike will affect mortgage borrowers<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2926250-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2926250\" data-cid=\"9916047\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926250-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/60\/47\/320x180_cmsv2_0db5cdff-acb7-538c-af57-b9ae0aa2ff1e-9916047.jpg\" loading=\"lazy\" alt=\"File - Langdock co-chief executives Lennard Schmidt and Judith Dada. Courtesy of Langdock.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    German AI start-up spends millions to move parent company from the US<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2926152-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2926152\" data-cid=\"9915699\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926152-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/55\/33\/320x180_cmsv2_6e537a84-9341-5798-aad8-fc7a62ce52c2-9915533.jpg\" loading=\"lazy\" alt=\"House prices have risen much faster than wages.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why higher salaries do not make homes affordable in Spain<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2926107-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2926107\" data-cid=\"9915290\" data-part-label=\"Partner content\">\n<figure id=\"abe-2926107-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/52\/90\/320x180_cmsv2_ef47a6a0-99dc-5885-b343-3393fc0b85a0-9915290.jpg\" loading=\"lazy\" alt=\"US Senate Majority Leader John Thune speaks at a news conference after a policy luncheon on Capitol Hill in Washington, 15 Sept. 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Bitcoin drops after US Senate blocks landmark crypto bill<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2925072-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2925072\" data-cid=\"9910768\" data-part-label=\"Partner content\">\n<figure id=\"abe-2925072-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/07\/68\/320x180_cmsv2_e85a5391-310c-591c-8f1b-753d3bc4a2c8-9910768.jpg\" loading=\"lazy\" alt=\"People, most of them wearing protective face masks, gather during a healthcare workers&apos; protest in downtown Brussels, Saturday, May 29, 2021. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Public spending across Europe: Where does the money go?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2925818-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2925818\" data-cid=\"9913871\" data-part-label=\"Partner content\">\n<figure id=\"abe-2925818-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/91\/38\/71\/320x180_cmsv2_8cc88eee-6ad3-5290-a21e-6bd710f7245e-9913871.jpg\" loading=\"lazy\" alt=\" File - President of European Central Bank, Christine Lagarde, addresses the media during a press conference in Frankfurt, Germany, 17 April 2025.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why is European money financing the American AI boom?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2925818-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2925818\" data-cid=\"9913871\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why is European money financing the American AI boom?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2925731-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2925731\" data-cid=\"9913487\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why Greece now borrows more cheaply than France<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2925960-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2925960\" data-cid=\"9914613\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    ECB staff raise stability concerns about Lagarde departure rumours<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2926107-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2926107\" data-cid=\"9915290\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Bitcoin drops after US Senate blocks landmark crypto bill<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2926076-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2926076\" data-cid=\"9915085\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    European markets recover ahead of expected Fed rate hike<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">Kevin Warsh has broken away from US President Donald Trump in his first Fed move, and he has done it with the entire committee behind him.The Federal Open Market Committee lifted rates on Wednesday after holding them at 3.5% to 3.75% since December, ending a pause that had grown harder to justify as energy costs pushed prices higher.Not a single member dissented in a unanimous 12-0 vote.That matters because the pressure ran in both directions as three regional presidents had voted for a hike in July, while the White House spent months demanding cuts.Nobody voted for either extreme.At the time of writing, the market reaction to the decision has been fairly muted likely due to the fact that the hike was widely expected.A statement stripped to the boneThe Fed&#8217;s communication was as striking as its decision.The statement ran to three short paragraphs, a fraction of the length markets are used to, with no forward guidance and no hedging.&#8221;Inflation remains elevated,&#8221; it read, adding that &#8220;today&#8217;s policy action will support a timelier return to the Committee&#8217;s 2 percent goal.&#8221;The word &#8220;timelier&#8221; carries an implicit admission that the return had been too slow.Then a sentence the Fed almost never writes: &#8220;The Committee will deliver price stability.&#8221; Not seeks to, not is committed to. Will.The economic assessment was also confident throughout.Activity is &#8220;expanding at a solid pace&#8221;, domestic spending &#8220;has been resilient&#8221;, productivity growth is &#8220;strong&#8221; and capital investment &#8220;robust&#8221;, while job gains &#8220;have kept pace with the workforce&#8221;.Uncertainty remains elevated, the Fed said, owing partly to &#8220;geopolitical developments&#8221;, its formulation for the Iran war.By describing an economy in good health, the committee removed the argument that higher rates would damage growth, which is precisely the case US President Donald Trump has been making.Boxed in by the dataThe decision had been building for months.Three regional Fed presidents dissented in July in favour of an increase, the most in one direction since 2016, and several others said afterwards they were ready to move unless inflation eased which it did not.The Fed&#8217;s preferred gauge, the personal consumption expenditures index, ran at 3.7% in both June and July, with core inflation at 3.3%. Before the Iran war sent fuel prices climbing, core stood at 3%.Consumer prices held at 3.4% in August, but the monthly increase of 0.4% was the sharpest since May, evidence the energy shock is feeding through. Inflation has now been above the 2% target for more than five years.Warsh had effectively committed himself at Jackson Hole in August, telling the symposium he &#8220;would be hard pressed to describe broad financial conditions as restrictive&#8221; and warning that unless underlying inflation moved to target &#8220;clearly and at sufficient speed&#8221;, the Fed had &#8220;work to do&#8221;.Markets took him at his word as the CME&#8217;s FedWatch tool put the probability of a rate hike above 90% before today&#8217;s decision.Defying the president who chose himUS President Donald Trump had spent months demanding the opposite, insisting the country should have the lowest interest rates in the world and choosing Warsh partly on the expectation he would deliver them.Warsh himself said while campaigning for the job that rates could come down.The treatment of his predecessor sharpened the stakes as Jerome Powell was publicly attacked for moving too slowly, and the US Justice Department opened a criminal investigation into testimony he gave to Congress.Today&#8217;s decision could also have a restoring effect on the perceived independence of the Federal Reserve as an institution.The technical details point to a Fed settling in at the new level.The interest rate on reserve balances rises to 3.90% from Thursday, the primary credit rate to 4%, and standing repurchase operations will run at 4%. Seven regional reserve banks requested the discount rate increase.The Fed\u2019s new dot plot shows 12 of 18 officials expect another 0.25% hike by year-end, taking rates to 4.125%, while four see rates reaching 4.375%.The hawkish signal extends well beyond 2026 as 14 officials see rates ending 2027 above today\u2019s level, while the 2028 median stands at 3.9% versus 3.4% expected.The longer-run rate also rose to 3.2%, suggesting officials increasingly believe neutral rates have moved higher while economists also expect more to follow.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/09\/16\/fed-raises-rates-for-the-first-time-since-2023-in-unanimous-vote-defying-trump&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/91\/55\/94\/1200x675_cmsv2_ca62bf61-2337-5067-814c-817adc3ff2fa-9915594.jpg&#8221;] No Comment Kosovo war crimes court jails ex-president Hashim Tha\u00e7i for 25 years, sparking mass protests Europe News English village votes to &#8216;secede&#8217; from UK over asylum centre plan Business France: TotalEnergies pumps up controversy with cut-price fuel Top News Stories Today Latest news bulletin | September 16th, 2026 \u2013 Evening No [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2147782","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2147782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2147782"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2147782\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2147782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2147782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2147782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}