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The Federal Reserve raised the federal funds rate by a quarter of a percentage point to a range of 3.75% to 4% on September 16, 2026, in an effort to combat inflation. This decision may complicate President Donald Trump's economic message ahead of the midterm elections, as higher borrowing costs could impact American families seeking financial relief.
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The Federal Reserve raised the federal funds rate by a quarter of a percentage point to a range of 3.75% to 4% on September 16, 2026, in an effort to combat inflation. This decision may complicate President Donald Trump's economic message ahead of the midterm elections, as higher borrowing costs could impact American families seeking financial relief.
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The Fed just threw a wrench in Trump's midterm economic message
Federal Reserve Raises Interest Rates Ahead of Midterm Elections