# @nbcwashington on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DdW9ahLoHQ4
- **Gondola URL:** https://gondola.cc/posts/70520248-nbcwashington-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/d2caa3641c.jpg
- **Posted:** 2026-09-16T18:45:14.000+00:00
- **Account Owner:** NBC4 Washington (@nbcwashington) — https://gondola.cc/nbcwashington

## Caption

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House.⁠
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The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans, and credit cards. In a set of quarterly projections, the Fed also signaled that its rate-setting committee expects to hike rates a second time later this year to 4.1%.⁠
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“Today’s policy action will support a timelier return” to the central bank’s 2% inflation goal, the Fed said in a statement.⁠
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Learn more at the link in bio.⁠
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#inflation #interestrate #federalreserve #economy

## Stats

- **Views:** 0
- **Likes:** 149
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- **Comments:** 18

## Tags

inflation, economy, federalreserve, interestrate

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