What to know about US Federal Reserve’s first interest rate hike in 3 years

September 16, 2026 · Al Jazeera

Three dead after flooding inundates Navajo Nation in New Mexico
Indigenous authorities issue condolences after two adults and a child swept away by floodwaters in southwestern state.
US CENTCOM tells Al Jazeera Hormuz blockade ‘highly effective’
The spokesman for US Central Command has told Al Jazeera its blockade of the Strait of Hormuz is ‘highly effective’.
Watch: Why has the Federal Reserve raised interest rates?
The BBC's Samira Hussain looks at the factors considered in the increase and what it could mean for the US economy.
Fed Raises Interest Rates
Also, Saudi Arabia is scrambling to restore its oil supply. Here’s the latest at the end of Wednesday.
Peter Max, Trippy Artist of Counterculture Era and Beyond, Dies at 88
With work that breathed the spirit of the 1960s, he became fabulously wealthy from licensing his paintings and posters i