Business · 14 September 2026

US central bank expected to raise interest rates by a quarter on Wednesday

The Federal Reserve's expected rate hike is the first in over three years, following annual inflation reaching 3.4% in August. The central bank is expected to increase its benchmark rate by a quarter of a percentage point to tackle rising energy prices and inflation. The rate increase translates into increased expenses for home loans, vehicle financing, and outstanding credit card balances.

By BriefTea Editorial · 14 September 2026 at 18:12

Reported by CNBC · How we write briefs

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UK interest rates might follow Global economy feels the pinch Your loan payments go up

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