Fed confirms aggressive inflation mandate with biggest interest rate hike since 1994

Hints at further big hikes to come

Eve Maddock-Jones
clock • 3 min read

The Federal Reserve has made its biggest interest rate hike in almost 30 years, as it battles to tackle the rising levels of inflation, which is at a four-decade high of 8.6%.

To continue reading this article...

Join Investment Week today

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Fed unanimously votes to hike rates to 3.75-4% in attempt to 're-establish credibility'

Fed unanimously votes to hike rates to 3.75-4% in attempt to 're-establish credibility'

Warsh: ‘Inflation too high for too long’

Michael Nelson
clock 17 September 2026 • 2 min read
FundCalibre's Juliet Schooling Latter: What deglobalisation means for fund managers

FundCalibre's Juliet Schooling Latter: What deglobalisation means for fund managers

“Deglobalisation is the palpable thread connecting the geopolitical havoc created by the Iran war, ballooning public debt, AI creative destruction and widening wealth inequality.” This is the verdict of Man Group chief executive Robyn Grew in its annual...

Juliet Schooling Latter
clock 16 September 2026 • 5 min read
Energy prices may see Bank of England hike despite soft employment print

Energy prices may see Bank of England hike despite soft employment print

Earnings growth slows

Michael Nelson
clock 15 September 2026 • 2 min read
Trustpilot