Key Takeaway
The Fed is widely expected to raise its benchmark interest rate to combat stubborn inflation. That could make it more expensive to borrow money to buy a car or carry a balance on a credit card.
Published September 16, 2026 · Category: News
Overview
The Fed is widely expected to raise its benchmark interest rate to combat stubborn inflation. That could make it more expensive to borrow money to buy a car or carry a balance on a credit card.
Details
(Image credit: Win McNamee)
Source
Originally published at www.npr.org.
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Frequently Asked Questions
What is "The Fed is expected to raise interest rates for the first time in 3 years" about?+
The Fed is widely expected to raise its benchmark interest rate to combat stubborn inflation. That could make it more expensive to borrow money to buy a car or carry a balance on a credit card.
Who reported this story?+
This story was reported by NPR News.