US Federal Reserve raises interest rates for first time since 2023

Economy September 17, 2026 02:00 AM

The US dollar is currently strengthening against major currencies, including the pound and euro.

The pound was down 0.67% at $1.34. The euro weakened 0.61% against the US dollar to $1.147.

The dollar index, which measures the greenback against a basket of currencies including the pound and euro, rose 0.66% to 100.27 - its highest level since the beginning of August.

US Federal Reserve raises interest rates for first time since 2023

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