While driving down an East Texas country road I spotted this scene. The autumn trees and the late afternoon sun made these golden bales of hay shine just a little bit more. Fortunately I had my camera with me. (c) James Q. Eddy Jr.

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Fed raises interest rates for first time in more than three years

NPR | By Scott Horsley

Published September 16, 2026 at 3:47 PM CDT

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The Federal Reserve raised interest rates today Wednesday the first time in more than three years. The central bank is trying to curb stubborn inflation, which was rekindled by the war with Iran.

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Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent.