# Fed Hikes Rates Amid Iran Energy Spike | Jersey City News

Page: https://stenobird.com/podcast/jersey-city-news-today-2-min-news-the-daily-news-now-7568828/fed-hikes-rates-amid-iran-energy-spike-jersey-city-news
Text version: https://stenobird.com/podcast/jersey-city-news-today-2-min-news-the-daily-news-now-7568828/fed-hikes-rates-amid-iran-energy-spike-jersey-city-news.md
Podcast: [Jersey City News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/jersey-city-news-today-2-min-news-the-daily-news-now-7568828)
Published: 2026-09-17T05:25:28+00:00
Episode link: https://sources.thednn.ai/3393cfe0b326bcab
Audio file: https://api.fastcast.ai/audio/76bef4c2-c13a-4042-a81b-98afc794a407.mp3
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JSON: https://stenobird.com/v1/public/podcasts/jersey-city-news-today-2-min-news-the-daily-news-now-7568828/episodes/fed-hikes-rates-amid-iran-energy-spike-jersey-city-news
Duration seconds: 121

## Resource

The Fed just raised rates for the first time in three years, hiking them a quarter point to 3.75–4%, citing stubborn inflation fueled by soaring gas and fuel oil prices — a spike tied directly to escalating conflict in Iran. With a unanimous vote, the committee affirmed strong domestic growth, steady jobs, and low unemployment, but warned inflation remains too high and must be brought down to their 2% target. New Chair Kevin Warsh called the move “sober,” stressing that underlying price trends haven’t improved and many categories still climb above 3% year-over-year. He also reaffirmed the Fed’s independence, noting they can’t control individual prices like oil or food — but can prevent inflation from spiraling. Meanwhile, gasoline prices jumped nearly 4% in August as Middle East tensions disrupt shipping lanes and push oil past $100 a barrel, raising alarms about global supply and economic stability. 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://newjerseymonitor.com/2026/09/16/repub/fed-raises-interest-rates/ More coverage & latest updates: https://sources.thednn.ai/3393cfe0b326bcab Report issues to feedback@thednn.ai.

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