Skip to main content

Federal Reserve hikes interest rates for first time since 2023 amid stubborn inflation

Federal Reserve,Interest Rates,Inflation,Inflation Rate,Federal Debt

Fox Business
From the Right
Fox Business
Lean Right rating
AllSides Media Bias Rating: Lean Right
See full bias rating for Fox Business Learn about media bias

The Federal Reserve on Wednesday raised its benchmark interest rate for the first time in over three years amid concerns over stubborn inflation that has been driven recently by higher energy prices.

Read Full Story

AllSides Picks

What Does America Look Like From Main Street?

Recommended Reading

What Does America Look Like From Main Street?

Guest Writer

October 19th, 2026
Is the American Dream Still Alive?

Recommended Reading

Is the American Dream Still Alive?

Guest Writer

October 14th, 2026
Card image

Red Blue Translator

State Capitalism
Card image

Red Blue Translator

Redistribution of Wealth

More News about Economy and Jobs

News from the Left

News from the Center

News from the Right

Trump Approval Hits New Low Two Weeks Before Midterms, Poll Finds

New York Times (News)

AllSides Media Bias Rating: Lean Left
Fed Will Vote Just Seven Times on Rates Next Year

Wall Street Journal (News)

AllSides Media Bias Rating: Center
Fed holds interest rates steady before elections, with two dissents

Washington Examiner

AllSides Media Bias Rating: Lean Right
Musk pledges to give a share of his SpaceX company to 'every kid in America'

Associated Press

AllSides Media Bias Rating: Lean Left
Trump approval at new lows in polling days before midterms

The Hill

AllSides Media Bias Rating: Center
Fox News Poll: Cost of living concerns weigh on GOP in midterms

Fox News Digital

AllSides Media Bias Rating: Right
Soaring Energy Prices Push Inflation Higher

New York Times (News)

AllSides Media Bias Rating: Lean Left
'It's rough out here': Americans struggle with rising inflation

BBC News

AllSides Media Bias Rating: Center
Trump's worse-than-useless Russian diesel deal

Washington Examiner

AllSides Media Bias Rating: Lean Right
Americans still feel worse about the economy than at almost any point in modern history

CNN Business

AllSides Media Bias Rating: Lean Left
US second-quarter GDP revised higher amid robust consumer spending

Reuters

AllSides Media Bias Rating: Center
Boomers, Elite Made Killing After Pandemic While Everyone Else Drowned

The Daily Caller

AllSides Media Bias Rating: Lean Right
Don't Use AI to Do This

New York Times (Opinion)

AllSides Media Bias Rating: Left
Vail Resorts' Ski Pass Sales Tumble, Signaling Another Tough Winter Ahead

Wall Street Journal (News)

AllSides Media Bias Rating: Center
Biden-era 'weaponized' federal labor board's legacy unexpectedly persists under Trump

Just The News

AllSides Media Bias Rating: Lean Right
I'm Begging You: Never Write With AI

New York Times (Opinion)

AllSides Media Bias Rating: Left
Farm state Republicans feel the pressure from rising diesel prices

The Hill

AllSides Media Bias Rating: Center
Karine Jean-Pierre admits Biden admin failed on economic, age messaging, but claims Trump making same mistake

Fox News Digital

AllSides Media Bias Rating: Right
Does Dollar Supremacy Help Americans?

Jacobin

AllSides Media Bias Rating: Left
Senate GOP sees battleground map widen amid voter anger over economy

The Hill

AllSides Media Bias Rating: Center
Liberal stronghold set to adopt eye-popping minimum wage amid business exodus

Fox News Digital

AllSides Media Bias Rating: Right
Poverty Rate Was Stable Before Trump's Safety Net Cuts Gained Force

New York Times (News)

AllSides Media Bias Rating: Lean Left
Farm bankruptcies are up 46%. Can the family farm survive modern geopolitical shocks?

Straight Arrow News

AllSides Media Bias Rating: Center
10,000 households with million-dollar incomes collected unemployment

Washington Times

AllSides Media Bias Rating: Lean Right
The AfD's Economic Populism Could Hardly Be Shallower

Jacobin

AllSides Media Bias Rating: Left
American Incomes Hit Record Last Year as Women Gained Ground

Wall Street Journal (News)

AllSides Media Bias Rating: Center
Inflation Fears Surge As Economic Expectations Plunge

The Daily Caller

AllSides Media Bias Rating: Lean Right
Trump bans some Canadian imports as North America trade war intensifies

Axios

AllSides Media Bias Rating: Lean Left
Trump says $5K dividend checks to Americans will 'happen 100 percent'

The Hill

AllSides Media Bias Rating: Center
Trump Backs Temporary Diesel Export Ban as Fuel Costs Ripple Through Economy

The Epoch Times

AllSides Media Bias Rating: Lean Right