OR KEEP READING SIMILAR STORIES BELOW ↓

Economy

Sep 23, 2026, 7:19 AM

ECONOMY09/23/26

The Federal Reserve raised interest rates for the first time this year amid persistent inflation.

DIFFERENT FOCUS

Fox Business emphasized Inflation Not Yet Defeated

LEFT FOCUS

▸Boston Fed President Susan Collins warned inflation could stay 'notably' above the 2% target. — CNBC
▸Collins said there is 'an increased likelihood' inflation will remain persistently elevated. — CNBC

RIGHT FOCUS

▸Richmond Fed President Tom Barkin said 'risks to inflation outweigh the risks to maximum employment.' — Fox Business
▸Barkin noted inflation has been above the 2% target for five years, driving the rate hike decision. — Fox Business
▸Barkin left open the possibility of additional hikes, saying 'will additional hikes be required? We'll see.' — Fox Business

ECONOMYCOVERAGE GAP: LEFT SOURCES ONLYDEVELOPING09/23/26

Record-high diesel prices are causing economic ripples across trucking, farming, and aviation, with Trump and lawmakers considering an export ban.

DEVELOPING TIMELINE

First Report Sep 11: Diesel Hits $6 Record High

Sep 18: Record diesel price rises to $6.3956 per gallon

Sep 23: Trump and lawmakers now considering export ban

WHAT'S CONFIRMED

▸Diesel prices have soared to record highs, affecting farmers and truckers significantly. — NPR Economy, BBC Business, Marketplace
▸Trump administration is examining whether a diesel export ban is feasible. — BBC Business, CNBC

NOT REPORTED ELSEWHERE

▸Diesel prices averaged $6.44 per gallon on a record-high day. — NPR Economy
▸John Boyd Jr., president of the National Black Farmers Association, said soaring diesel costs are deepening a farm crisis. — NPR Economy
▸Minnesota farmer Kristin Duncanson discussed how record-high fuel prices are affecting her business. — NPR Economy
▸Economists say a diesel export ban could lower prices short-term but raise them globally and eventually in the U.S. — Axios
▸Trump adviser Jarrod Agen said affordability of gasoline remains 'the top issue that the president looks at.' — Axios

ECONOMYCOVERAGE GAP: LEFT SOURCES ONLY09/23/26

US mortgage rates rose above 7% to their highest level in more than two years, pushing borrowers toward riskier adjustable-rate mortgages.

WHAT'S CONFIRMED

▸Mortgage rates surged above 7% to levels not seen in over two years. — Bloomberg Markets, CNBC

NOT REPORTED ELSEWHERE

▸Nearly 10% of borrowers opted for riskier adjustable-rate mortgages last week seeking lower rates. — CNBC
▸Higher borrowing costs will likely further stall the already-suppressed housing market. — Marketplace