Federal Reserve expected to raise interest rates for the first time since 2023

Source ABC Local
Original Load Date Sept. 16, 2026, 5 a.m.
Last Updated Sept. 16, 2026, 5 a.m.
Original URL https://abc7chicago.com/story/federal-reserve-expected-raise-interest-rates-first-time-2023/19838663/

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The Federal Reserve on Wednesday will issue a decision on the level of interest rates as the United States weathers a months-long bout of elevated inflation set off by the Iran war. Global oil prices are hovering near a four-month high and the average price for a gallon of gasoline tops $4.30, acco...