DEVELOPING TIMELINE
First Report Sep 12: August 2026 CPI Report
Sep 16: Fed's First Rate Hike in 3 Years
Sep 17: Fed executes hike; Trump demands cuts to 1%
Sep 19: Fed confirms quarter-point rate increase this week
WHAT'S CONFIRMED
- ▸The Fed raised rates by a quarter percentage point. — NPR Economy, CNBC
- ▸The rate hike is the first in more than three years. — NPR Economy, Marketplace
- ▸The Fed is attempting to curb stubborn inflation rekindled by the war with Iran. — NPR Economy, Marketplace
NOT REPORTED ELSEWHERE
- ▸The 10-year Treasury yield hit its highest point since 2007 on Wednesday following the rate hike. — Marketplace
- ▸Fed Chair Kevin Warsh's three words about rate hikes have Wall Street questioning how far increases will go. — CNBC
- ▸The decision has broader political and economic implications with affordability top of mind for voters ahead of midterms. — NPR Economy