"Inflation remains elevated," Fed policymakers said in a statement. "Today's policy action will support a timelier return to the Committee's 2% goal."
The U.S. war with Iran has rekindled inflation, pushing oil and gasoline prices higher and driving the price of diesel fuel into record territory. Higher interest rates won't automatically bring lower prices at the pump, but they do signal the central bank's commitment to restoring price stability…
https://www.npr.org/2026/09/16/nx-s1-5968724/federal-reserve-interest-rates-inflation-economy
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