美联储2023年以来首次加息

Federal Reserve raises interest rates for the first time since 2023

September 16, 2026 / 3:03 PM EDT / CBS News

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The Federal Reserve raised interest rates for the first time since 2023 on Wednesday, reversing course as the Iran war drives up global energy prices and fuels inflation.

The Fed raised the federal funds rate by 0.25 percentage points, bringing its target range to between 3.75% and 4% — its highest level since December 2025. The benchmark rate influences borrowing costs across the U.S. economy, including for credit cards, auto loans and personal loans.

In a set of quarterly projections, the Fed also signaled that its rate-setting committee expects to again raise rates later this year. The vote to raise the benchmark rate was unanimous, the Fed said in a statement on Wednesday.

No rate hikes in 2027

For now, however, the Fed’s move doesn’t appear to point to a more aggressive push to raise borrowing costs. Federal Reserve Chairman Kevin Warsh said at a press conference on Wednesday that the Federal Open Market Committee (FOMC) expects to hold rates steady throughout 2027.

About half of FOMC members predicted that rates would hold steady next year.

“We don’t think this is the beginning of another major tightening cycle, and markets have too much tightening priced in over the coming year,” Michael Pearce, chief U.S. economist at Oxford Economics, said in a research note.

By contrast, the central bank raised rates 11 times starting in 2022 as it sought to quash surging inflation as the economy was rebounding from the pandemic.

Still, the latest hike marks an about-face from the Fed’s stance at the start of the year, when inflation was cooling, and as many economists expected the central bank to lower interest rates throughout 2026. Instead, monetary policymakers are brandishing their most potent weapon to curb prices. The Consumer Price Index rose at an annual rate of 3.4% in August, far above the Fed’s 2% annual target.

President Trump has repeatedly called on the Fed to lower borrowing costs. But escalating conflict in the Middle East has disrupted crude oil production and supplies, pushing up fuel prices in the U.S. and driving up costs across the broader economy.

Fed moves to restore credibility

“Hiking was the right move, and it restores Fed credibility that the central bank will curb inflation no matter what the White House or anyone else says,” said Heather Long, chief economist at the Navy Federal Credit Union, in an email. “The big news is that the vote was unanimous and the forecast only signals one more hike in 2026.”

The average price of diesel reached a record $6.31 per gallon on Wednesday, a 71% jump from a year ago, according to AAA. Gasoline now averages $4.37 a gallon, up from $4.06 a month ago and $2.98 just before the Iran war started in February.

Higher interest rates can tamp down inflation because consumers pare spending and businesses reduce investment. That cools economic growth and tempers price increases as demand slows.

Higher borrowing costs

Banks are likely to respond to the latest Fed hike by boosting their interest rates on credit cards and other lending products, although a single 0.25 percentage-point increase might not significantly raise borrowing costs, according to financial experts.

Even so, the increase in borrowing costs comes as Americans are shouldering higher costs for gas, food and other essentials.

“Consumer sentiment is now 13% below where it was this time last year,” said Heather Boushey, professor of practice at the Kleinman Center for Energy Policy at the University of Pennsylvania, in an email. The Fed’s rate hike this week “will make it harder for families to borrow, raising the cost of car loans, credit cards, mortgages and more.”

Edited by Alain Sherter

The Associated Press contributed to this report.