Fed delivers first rate hike since July 2023, lifts benchmark to 4%

MG News | September 16, 2026 at 11:27 PM GMT+05:00

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September 16, 2026 (MLN): The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to 4% from 3.75% on Wednesday, marking the central bank’s first rate hike since July 2023 amid persistent inflation and high oil prices.

During its two-day Federal Open Market Committee (FOMC) meeting, the Fed decided to increase interest rates despite U.S. President Donald Trump’s calls for lower borrowing costs.

The decision comes as persistent inflation and elevated oil prices continue to weigh on the U.S. economic outlook.

Trump has also threatened to stop trading with countries running trade surpluses with the United States unless the Federal Reserve lowers interest rates.

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Name	Price/Vol	%Chg/NChg
KSE100	168,021.80 127.60M	-0.81% -1370.52
ALLSHR	101,556.94 354.31M	-0.67% -689.83
KSE30	49,991.48 75.67M	-0.94% -476.61
KMI30	238,953.80 53.22M	-0.89% -2154.95
KMIALLSHR	65,832.11 176.71M	-0.62% -413.39
BKTi	46,602.60 33.62M	-0.83% -389.71
OGTi	34,306.19 5.41M	-0.53% -182.74

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,550.00	76,580.00 75,040.00	-615.00 -0.81%
BRENT CRUDE	105.73	108.59 104.00	-3.02 -2.78%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	4.60 3.67%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.50 -0.36%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	102.41	105.63 100.97	-3.42 -3.23%
SUGAR #11 WORLD	18.01	18.18 17.68	0.07 0.39%