Why the Federal Reserve is lifting rates now, and what it means
WASHINGTON (AP) — About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged. But on Wednesday, the Fed's rate-setting committee unanimously agreed to a rate hike, and nearly all policymakers signaled that a second increase later this year would likely be appropriate. So what changed?In short, the renewed fighting in the Middle East has pushed up gas prices again. And there are signs the economy is still growing...
Read MoreThu, 17 Sep 2026
- Why the Federal Reserve is lifting rates now, and what it means
- US stocks rise after oil prices fall and pressure from the bond market eases
- US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing market
- Prenatal appointments and no place to pump: Navigating pregnancy and postpartum needs at work
- Claims for unemployment benefits drop to 196,000, lowest since mid-July as layoffs remain low
- The king and AI: UK monarch Charles meets artificial intelligence leaders as safety concerns swirl
- Carney embraces EU associate membership proposal as Trump pushes Canada closer to Europe
- Bank of England holds rates but appears ready to hike soon
- OpenAI flags concerning new AI behavior and vows to track it more closely
- Huawei unveils new chip technologies as Chinese firm steps up the AI race with Nvidia
- Artists, promoters and venues have their own kind of power on troubled tours like Ed Sheerans
- Argentine judge orders halt to Falklands oil project as tensions with Britain rise
Wed, 16 Sep 2026
- Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
- Divisions emerge in the tech industry over calls for a coordinated AI slowdown
- US stocks slip after the Fed hikes interest rates and hints more increases may be on the way
- Amazon increases minimum starting hourly wage for full-time core operations employees
- Sudan gold mine collapse kills at least 82 people with many more missing
- Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice
- Theres one issue where Republicans and Democrats are unified before the midterms, a new poll finds
- Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July
- Zuckerberg distances Meta from calls for a coordinated approach on an AI slowdown
- UK inflation rises to 5-month high, further pressuring Bank of England to raise rates this year
- EU chief Ursula von der Leyen says she wants Canada to become the blocs 1st associate member
- Honda HR-V vs Kia Seltos, a budget SUV Edmunds comparison
- EU chief proposes bloc-wide social media ban for kids under 13
- Egypts wind power push, tied to manufacturing, offers lessons for Nigeria and Africa
- AI rivals found rare agreement on safety. Putting it into practice is harder
- US-Canada trade war further taxes small businesses as costs rise during the Iran war
- Japan records a trade deficit for 4th month as oil imports soar
Tue, 15 Sep 2026
- Photographer Chick Harrity, who documented history for AP from Vietnam to the White House, has died
- Saudi crown prince goes to Egypt for support against Houthi strikes, and other Mideast developments
- Families of the 67 who died in the DC midair collision want reforms to prevent the next tragedy
- Maduro ally Alex Saab pleads guilty in a $195M money laundering case, agrees to cooperate
- Senate blocks cryptocurrency regulation as Democrats push back on Trump investments
- Carney says Canada can wait for the right conditions in Trump trade war and emerge stronger
- Saudi crown prince seeks Egypts backing as Houthi attacks rattle Red Sea oil routes
- $1.1 billion from Nike co-founder will build Oregons first womens hospital
- American incomes finally top pre-pandemic levels, fighting against inflation all the way
- US stocks slip after oil prices and the bond market crank up the pressure
- NATO jets shoot down drone over Lithuania and Russian ship fires flares at Danish helicopter
- China can block citizens from leaving the country over national security or tech export violations
- Suspected sabotage triggers a major Dutch rail outage during rush hour
- Belarus authoritarian leader meets US envoy to push for lifting sanctions
- Federal Reserve is expected to raise its benchmark rate, defying Trumps demands
- Carney heads to Europe for high-stakes speech and deeper EU ties as Canada clashes with Trump
- Microsoft commits to sweeping AI privacy rules for students. Will other tech giants follow?
- Gates Foundation warns AI could widen inequality as foundation pledges $1B to expand access
Mon, 14 Sep 2026
- Trump calls AI risks a hoax, says there is a SICK conspiracy against AI and data centers
- AI stocks drop, but the rest of Wall Street holds steadier after oil prices give back an early jump
- EPA eliminates rule that limits planet-warming greenhouse gas emissions from power plants
- Houthis seize 2 strategic Red Sea islands, and other Mideast developments
- Officials say 4 people were hospitalized after a crane collapsed at a Miami construction site
- Global customers crave texture, challenging companies to make crispier, gooier, chewier foods
- Supreme Court to decide whether to hear Maine lobstermans challenge to GPS boat tracker requirement
- Costco raises price for Kirkland motor oil, sets purchase limit
- Japanese utility execs resign over falsified quake safety data for 2 nuclear reactors
- The great American road trip, fueled by and undercut by the automobile that created it
- Oprah Winfrey wants you to reach your AHA moment at the Sphere
- New warnings about the risks of AI to humanity revive a long-running debate
- Carney pitches Canada to global investors as Trump tries to pull investment south
- Amazon suspends use of 21 Air, the cargo carrier whose plane careened off Miami runway and killed 5
- Trump agreed to new ethics rules to get a crypto bill across the line. But that might not be enough
- Trump calls on Ukraine to halt strikes on Russian diesel fuel, citing a global shortage
- Trump agrees to new bipartisan ethics provision in massive crypto bill, Republican senators say
- 60 Minutes opens 59th season on CBS with no direct mention of shows off-season turmoil
Sun, 13 Sep 2026
- Trump says hes lifting a 10% tariff on Irish whiskey because everybodys been bugging me about it
- Trump downplays the need to check AI development and says he doesnt want to cede edge to China
- At BRICS, Indias Modi warns geopolitical tensions and supply chain shocks threaten global stability
Sat, 12 Sep 2026
- Anthropic CEO Dario Amodei says AI industry needs to give safety measures time to catch up
- Why Canada? Americas northern neighbor seems an unlikely target for a trade war
- Crypto billionaires give $97 million to Reform UK, fueling concerns about money in politics
- BRICS leaders voice concern over Middle East, condemn unilateral sanctions at India summit
- For the US news industry, a tough summer draws to a close with McClatchy chains cuts
Fri, 11 Sep 2026
- US stocks jump after oil prices ease and an inflation update comes in near expectations
- Diesel prices are hitting record highs at a bad time for many US farmers
- Modi holds talks with Putin and Irans president before the BRICS summit of 11 nations
- No relief from inflation as Middle East clashes lifts fuel prices to painful levels
- Body camera video offers a rare look inside an immigration raid at a NY factory
- US officials declare an end to record-setting cyclospora outbreak, but its origin is still unknown
- US diesel prices soar past $6 a gallon, deepening strain for hauling everyday goods
Thu, 10 Sep 2026
- Anthropic says it blocked misuse of its AI that could have supported biological weapons
- Oil prices leap to their highest since May and drag Wall Street lower
- Trump wants to send Americans money. Congress and economists dont seem thrilled with the idea
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