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› Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell › Russia is 'going backwards' in equipment and deploying post WWII-era tanks, according to Western officials › Podcast: One country musician is calling for other artists to oppose assault rifles › Bidets save you money and reduce waste — we tested the best options out there › 50+ products to make your life easier and our planet cleaner › Mother's Day is around the corner. Here are 50+ thoughtful gifts she'll love › A head-to-toe guide of how men should dress this spring, and where they should shop › 42 of the most useful travel products you can buy on Amazon › The 7 best high-yield savings accounts of April 2023 › Taxes are due tomorrow. Here's how to file for an extension › Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell › Russia is 'going backwards' in equipment and deploying post WWII-era tanks, according to Western officials › Podcast: One country musician is calling for other artists to oppose assault rifles › Bidets save you money and reduce waste — we tested the best options out there › 50+ products to make your life easier and our planet cleaner › Mother's Day is around the corner. Here are 50+ thoughtful gifts she'll love › A head-to-toe guide of how men should dress this spring, and where they should shop › 42 of the most useful travel products you can buy on Amazon › The 7 best high-yield savings accounts of April 2023 › Taxes are due tomorrow. Here's how to file for an extension

Latest

Why the Fed hiked interest rates this month

CBS News · September 16, 2026 at 6:12 PM

The Federal Reserve changed course and raised interest rates Wednesday for the first time since 2023.

The rate hike will be an increase of 0.25 percentage points, bringing its target range to between 3.75% and 4%.

Greg Robb, MarketWatch senior reporter and economics editor, joins CBS News with more.

Read the full article on CBS News ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cbsnews.com — the content belongs to CBS News.

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