Fed Expected to Raise Interest Rates Since 2023 Amid Iran War Inflation

The Federal Reserve is expected to raise interest rates for the first time since 2023 as the United States struggles with elevated inflation caused by the Iran war. The decision will be made on September 16, 2026.

Elevated inflation has been a persistent issue in the US, and this move aims to combat it. Interest rates have not been raised since 2023, and this change is expected to impact various sectors of the economy.