# Fed Hikes Rates to Crush Inflation | Business and Finance News

Page: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/fed-hikes-rates-to-crush-inflation-business-and-finance-news-2
Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/fed-hikes-rates-to-crush-inflation-business-and-finance-news-2.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-09-17T01:42:43+00:00
Episode link: https://sources.thednn.ai/db1bbc669df89520
Audio file: https://api.fastcast.ai/audio/a1380d5c-a40d-4c2b-92f8-d4ec14ce51ff.mp3
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Duration seconds: 96

## Resource

The Fed just delivered its first rate hike in over three years—boosting rates by a quarter point to battle stubborn inflation fueled by soaring oil prices. While Wall Street saw this coming, the real story is what’s next: most Fed officials now expect two more hikes this year, fearing persistent inflation could reshape consumer expectations. With a strong job market giving them room to maneuver, the Fed has signaled no cuts are on the horizon—and inflation won’t hit their 2% target until 2029. Borrowing costs are already climbing, with mortgage rates surging, signaling a tougher economic road ahead as the Fed tightens its grip. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Sources: https://www.cnbc.com/2026/09/16/fed-rate-decision-september-2026.html More coverage & latest updates: https://sources.thednn.ai/db1bbc669df89520 Report issues to feedback@thednn.ai.

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