Federal Reserve Raises Key Interest Rate; Stocks Edge Higher -- WSJ
Dow Jones2026/09/16 18:23By WSJ Staff
The Federal Reserve raised rates by 0.25 percentage point today, its first interest-rate rise since 2023--a move that could spark tensions between Chairman Kevin Warsh and President Trump.
Markets took the 2 p.m. ET policy announcement in stride, with the S&P 500 adding to earlier gains and Treasury yields holding their ground after falling from recent highs. The 10-year yield was at 4.95%; the S&P 500 rose 0.4%, and the Nasdaq added 0.8%. The Dow industrials were roughly flat, while Brent crude futures were down 3% at $105.50 a barrel.
The stage had been set for the Fed to raise rates by a widening conflict in the Middle East that has pushed up oil prices and boosted inflation expectations.
Inflation has been running above the central bank's 2% target for more than five years. Some Fed officials have been arguing since April that it's time to raise interest rates to address that.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
September 16, 2026 14:23 ET (18:23 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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