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Federal Reserve raises interest rates to 3.75%–4%

U.S. inflation data had lifted market expectations for a Federal Reserve rate hike before the central bank unanimously raised the federal funds target range by 25 basis points to 3.75%–4%, its first increase in three years. Chair Kevin Warsh said inflation remains above the Fed’s 2% target and signaled that further tightening is possible, with several reports noting officials’ projections point to at least one more hike this year. The move came despite President Donald Trump’s calls for sharply lower rates and triggered volatility across stocks, bonds, currencies and commodities, while investors reassessed the outlook for another hike and its impact on global markets.

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Timeline

  1. U.S. inflation data raises market expectations of a Federal Reserve rate hike

  2. Federal Reserve raises target rate range to 3.75%–4%

  3. Cathay United Bank forecasts another Fed rate hike in December

Coverage

32 articles from 6 outlets

  • NOWnews今日新聞

    美Fed升息後台股怎麼走？法人揭26年歷史數據 3大後市指標一次看

    The article says the Federal Reserve raises rates by one notch, with Chair Walsh citing a stronger U.S. economy, inflation above target and geopolitical risks. It says institutional data show Taiwan stocks tend to fall in the first month after such a hike, but have posted positive average returns over one to three years. The report quotes fund manager Yu Ching-te saying AI leaders have support, while leveraged, highly valued or indebted firms face pressure, and investors should watch Treasury yields, oil and foreign flows.

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  • 中央社

    人流減少、借貸成本升 舊金山餐飲業面臨雙重夾擊

    The article says the Federal Reserve’s first rate hike in three years is raising short-term financing and working-capital costs for San Francisco Bay Area restaurants already pressured by rent, labor, food costs and fewer customers. It quotes the National Restaurant Association warning that high rates could slow expansion, renovations and investment. But Michael Imperiale, owner of Tricolore Caffè & Pizzeria, says reduced office-worker traffic in San Francisco’s Financial District is a bigger blow than rates.

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  • 風傳媒

    通膨黑暗期恐拖數年！謝富旭點名存股「隱形金雞母」：不能只求穩

    The article says the Federal Reserve unanimously raised rates by one notch, and quotes Hsieh Fu-hsu saying rate hikes can only steady expectations while inflation’s “dark period” may last for years. Hsieh compares today’s inflation to “essential hypertension,” driven by intertwined structural causes. He urges long-term stock savers not to seek only stability, naming memory shares and securities firms with stakes in investment trust companies as ways to tap a “hidden golden goose.”

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  • 風傳媒

    3年來美國第一次升息0.25%，川普竟然表態支持主席！真的不顧國會選情了？

    The article frames the Federal Reserve’s 0.25-point rate hike as the United States’ first increase in three years, and highlights Donald Trump’s surprising statement of support for the Fed chair. Its headline questions whether Trump is really disregarding congressional election considerations.

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  • TVBS新聞網

    Fed轉鷹日圓急貶！市場緊盯日銀決策 若不夠鷹恐再探160

    The article reports that the Federal Reserve raised rates by 25 basis points early Taiwan time on Sept. 17 and signaled more hikes, pushing the dollar higher and sending the yen sharply lower to 156.42 per dollar at one point. It says markets are now watching the Bank of Japan’s Sept. 18 decision, with analysts warning that if Governor Kazuo Ueda does not give clear tightening signals after an expected 25-basis-point hike, the yen could weaken toward 158 or even 160.

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  • 風傳媒

    《科技人的華爾街》導讀

    The article is a VVIP teaser roundup for Tech People’s Wall Street. It first says the Federal Reserve raised rates for the first time in three years and highlights the surprise that Trump supports Fed Chair Warsh despite saying on Truth Social that U.S. rates should be 1%. It also teases Bank of America optimism on four semiconductor stocks including Micron Technology and Intel, and says Siri has improved but Apple’s AI progress is too slow amid pressure from Instinct and Meta.

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  • 上報

    施俊吉：華許還會升息幾次？ -- 上報

    The article says Warsh’s 25-basis-point Federal Reserve rate hike clears the uncertainty over whether rates would rise, but leaves doubt over how many more hikes will follow. It asks why Warsh was so “tone-deaf” as to defy Trump’s taboo 47 days before the U.S. midterm elections, tying the move to the Fed’s integrity. Citing Bernanke’s uncertainty theory, it explains U.S. stocks’ rise then fall and concludes stubborn inflation has put rates into “rising without end.”

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  • 風傳媒

    聯準會3年來首度升息只是起點？2大投行押注10月後再升

    The article says the Federal Reserve’s first rate hike since 2023 may be only the start, with Goldman Sachs and TD Securities betting on more hikes after October. It quotes Fed Chair Kevin Warsh saying inflation is “still too high” and has stayed high too long, while noting he did not commit to the next move. The report says Goldman now expects another hike in October, and TD Securities is more hawkish, predicting hikes in October and next January.

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  • TVBS新聞網

    FOCUS全球新聞/美升息1碼.抑通膨 FED鷹派訊號 美股樂觀.美元走強

    The article reports that the U.S. Federal Reserve raised rates by one notch on Wednesday, its first hike in three years, with Chair Walsh saying inflation has lasted too long and the strong U.S. economy can bear higher borrowing costs. It emphasizes the unanimous vote, a hawkish signal for at least one more hike this year, and Trump’s anger at other Fed officials. The report says Asian markets were mixed, while Wall Street was optimistic and the dollar index rose above 100.

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  • TVBS新聞網

    通膨壓不住？聯準會升息1碼 專家警告「3因素」讓物價更難降

    The article leads with US diesel prices hitting a record above US$6 per gallon during harvest season, squeezing farmers and spreading price pressure across industries. It says the Federal Reserve, resisting pressure from Trump, raised rates by 25 basis points for the first time in three years, and quotes Chair Walsh saying the move aims to restore price stability. The report says the hike hit US stocks and housing, while experts warn war in the Middle East, tariffs and AI infrastructure demand could make inflation harder to cool.

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  • 中時新聞網

    聯準會升息一碼！貝萊德解讀後市：亞洲債市仍具投資機會 - 財經

    The article says the Federal Reserve’s 25-basis-point rate hike was broadly expected, but markets still read it as hawkish. It quotes BlackRock’s Navin Saigal saying the move may pressure Asian currencies and bond markets in the short term, yet Asian fixed income remains attractive because inflation trends and monetary policy cycles are diverging. It also quotes Jean Boivin saying the hike strengthens confidence in Chair Walsh’s policy message, while markets may be overreading the press conference.

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  • 風傳媒

    面對比過去40年更鷹派的聯準會，投資人準備好了嗎？瑞銀解析華許「真的不一樣」

    The article says the Fed’s expected one-notch rate hike shows Chair Warsh is building a policy reaction function unlike the past. It quotes UBS U.S. chief economist Jonathan Pingle saying the next four years of FOMC reactions may be more hawkish than any period in the past 40 years. The report emphasizes UBS’s view that Warsh is more sensitive to financial conditions, inflation and energy prices, less sensitive to labor-market weakness, and may keep rates above 4% for longer.

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  • 風傳媒

    聯準會3年來首度升息 統一期貨廖恩平：新一輪升息循環起點，長端利率難回落

    The article reports that the Federal Reserve raises rates by one notch, its first hike in three years, and quotes Uni-President Futures’ Liao En-ping calling it more like “the start of a new rate-hike cycle” forced by inflation. It says President Trump quickly demanded rates fall to 1% or lower, but Liao argues the decision was less politically driven because inflation data left the Fed little choice. Liao says long-end rates will be hard to pull down, pressuring overvalued and heavily indebted companies.

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  • 風傳媒

    為何聯準會甘冒川普大不諱升息？施俊吉看華許1舉動埋伏筆：投資恐澈底窒息

    The article says the Fed’s quarter-point rate hike met expectations but still sent a hawkish signal, and quotes former Executive Yuan vice premier Shih Jun-ji saying U.S. inflation is stubborn and rates have entered a state of “rising without end.” It highlights Shih asking why Fed Chair Kevin Warsh dared risk Trump’s anger 47 days before the midterms, praising the Fed’s “integrity.” Shih also cites Ben Bernanke’s investment theory to argue lingering uncertainty over further hikes could completely suffocate investment.

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  • 風傳媒

    國泰世華預估聯準會12月再升1碼 美元趨強、股市易有震盪

    The article says the Federal Reserve has begun its first rate hike in three years, unanimously raising its policy rate by one notch to 3.75–4%, and quotes Cathay United Bank’s release forecasting another one-notch hike in December. It says rate-hike expectations will support a stronger dollar index, while stocks are likely to see volatility before year-end. The report attributes the Fed’s shift to stronger real economic conditions, limited summer inflation improvement, and rising geopolitical conflict.

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  • NOWnews今日新聞

    美國聯準會力抗通膨預期升息1碼 國泰世華：預計12月再升1碼

    The article reports that the U.S. Federal Reserve has started its first rate hike in three years, unanimously raising the federal funds target range to 3.75%–4.0%, in Fed Chair Kevin Warsh’s first policy increase. It quotes Cathay United Bank saying the latest dot plot shows another one-quarter-point hike is possible by year-end, with the Fed’s hawkish stance clearly increasing. The report says resilient economic activity, limited summer inflation improvement and rising geopolitical conflict drove the shift, and it expects market volatility.

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  • 風傳媒

    降息美夢被聯準會打臉 川普仍強調須降息「且要快」 華許解釋通膨沒改善是升息原因

    The article says Trump’s dream of rate cuts was slapped in the face by the Federal Reserve, which instead raised rates for the first time since July 2023. It quotes Trump posting that U.S. rates should be 1% or lower, and “fast,” while the Fed lifted the target range to 3.75%–4%. The report says new Fed Chair Kevin Warsh cited inflation’s lack of meaningful improvement, and that most officials expect another hike this year.

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  • 風傳媒

    聯準會升息1碼，台股卻逆勢噴900點？狄驤揭「鷹中帶鴿」訊號：留意黃金破支撐

    The article says the Federal Reserve raised rates by one notch, but Taiwan stocks defied the move by surging more than 900 points in early trading. It quotes financial writer Di Xiang saying the Fed’s hike and dot plot amount to a “hawkish with a dovish streak” signal because the market had expected more tightening. Di says U.S. bond yields have not hit new highs, while gold breaking support suggests the currency-debasement trade has paused as the Fed regains market trust.

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  • NOWnews今日新聞

    Fed睽違3年首升息 李彥秀示警「通貨巨獸」：政府緊盯3指標

    The article reports that the Federal Reserve raised rates by 25 basis points, its first hike since July 2023, and quotes KMT lawmaker Lee Yen-hsiu warning of an onrushing “inflation beast.” Lee says Fed Chair Warsh resisted Trump’s pressure for lower borrowing costs and that the hike shows severe U.S. inflation and high uncertainty. She urges Taiwan’s government to watch the Taiwan-U.S. rate gap, the strong dollar and U.S. end demand.

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  • 風傳媒

    川普堅持要降息，聯準會卻全票通過升息：央行獨立性的真正考驗才剛開始

    The article says the Federal Reserve unanimously raised rates despite Donald Trump’s demand for cuts, making Kevin Warsh’s first tightening move a test of central bank independence. It quotes Warsh calling the hike a “sober, serious and responsible decision” and refusing to discuss White House contacts, while saying independence is “a two-way street.” The report says Trump blasted high rates but still backed Warsh, blaming a “very hostile” and “very political” Federal Reserve Board.

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  • 風傳媒

    升息1碼只是前菜？阮慕驊示警「恐有第二波」 揭台股逆勢反彈真相：2張骨牌沒倒別急追

    The article says the Federal Reserve’s one-notch rate hike was already priced in, quoting financial commentator Juan Mu-hua as warning that the apparent “bad news exhausted” reaction has strict conditions. It quotes Juan saying Walsh’s hawkish tone and the dot plot suggest the “first notch” is digested but a possible “second notch” is not. On Taiwan stocks, Juan says investors should not chase the rebound until oil prices fall and the 10-year U.S. Treasury yield drops below 5%.

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  • 風傳媒

    美聯準會震撼升息1碼！瑞銀解讀台股走勢：AI獲利上修超越升息，「3大指標」看好台股繼續上攻

    The article leads with the Federal Reserve’s shock one-notch rate hike, then quotes UBS Taiwan strategist Chen Wen-chin saying Taiwan stocks can still keep rising because AI demand is driving quarterly profit upgrades across Taiwan’s supply chain faster than rate hikes. It says UBS sees no urgent investor deleveraging pressure, margin maintenance ratios still at healthy levels, and a relatively stable New Taiwan dollar. Chen also points to non-tech opportunities in automation, bicycles and footwear.

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  • 風傳媒

    聯準會升息1碼沒完，台股4天重挫千點後表現？專家揭後市：恐掀資金逃亡潮

    The article says the Federal Reserve raised rates by one notch, its first hike since July 2023, and that U.S. stocks weakened late after Fed Chair Kevin Warsh sent hawkish signals. It quotes macroeconomist Wu Chia-lung saying the dot plot shows another hike this year and more next year, with the benchmark rate likely staying above 4% to crush inflation expectations. Wu also says U.S. hikes could push more funds out of China and back to Japan and the United States.

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  • NOWnews今日新聞

    不甩白宮施壓！聯準會升息、獨立性再受考驗 川普喊利率應降至1%

    The article says Fed chair Kevin Warsh raised rates by one quarter-point despite repeated White House pressure from President Donald Trump not to raise rates and even to cut them. It quotes Warsh saying inflation remains above the Fed’s 2% target, while White House spokesperson Kush Desai says the decision lacks sufficient economic justification. The report frames the move as a fresh test of Fed independence, noting Trump later posted that U.S. rates should fall to 1% or lower.

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  • NOWnews今日新聞

    華許重申抗通膨決心！Fed不排除今年還會再升息 川普說話了

    The article says the Federal Reserve again acts against inflation, unanimously raising rates by one notch to 3.75%–4%, its first hike since 2023. It quotes Fed Chair Kevin Warsh saying inflation remains clearly above the 2% target and lacks signs of cooling, while the FOMC dot plot shows most officials see another possible hike this year. The report contrasts this with Donald Trump’s Truth Social call for U.S. rates to fall to 1% or lower and his demand to “quickly lower U.S. interest rates.”

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  • NOWnews今日新聞

    Fed升息1碼！3年來首次 美股多收黑、道瓊重挫631點

    The article reports that the Federal Reserve announces its first rate hike in three years, lifting the federal funds rate target range by one notch to 3.75%–4%, in line with market expectations. It says Chair Kevin Warsh reiterates an anti-inflation stance and hints another hike this year is possible, while rising Middle East tensions push up energy prices. The report says U.S. stocks mostly close lower, with the Dow plunging more than 600 points, and quotes President Trump calling for rates to fall to 1% or lower.

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  • 風傳媒

    股市翻黑、美債又崩！華許鷹派發言嚇壞市場，白宮反嗆聯準會升息「令人遺憾」

    The article reports that the Federal Reserve raises rates by one notch as expected, but says Chair Warsh’s hawkish press conference frightens markets by stressing that inflation remains too high, financial conditions are not restrictive enough and the U.S. economy is resilient. It says stocks and gold quickly fall while the dollar index and U.S. Treasury yields jump, with 16 officials expecting at least one more hike this year. The report also notes market attention on Warsh’s policy split with President Trump.

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  • 風傳媒

    聯準會升息1碼！這次沒人投下反對票，惜字如金的華許將如何定義利率決策？

    The article reports that the U.S. Federal Reserve raises rates by one notch to 3.75%–4%, its first hike since July 2023, with no dissenting votes and market swings in U.S. futures, gold, the dollar index and Taiwan index futures. It emphasizes that Chair Warsh again submitted no rate forecast, leaving investors to parse his terse press conference for clues on inflation, further hikes and eventual cuts. The report also lists the FOMC statement and updated economic projections.

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  • 風傳媒

    聯準會升息恐不只一次？華許今晚正式開獎 陳鳳馨曝3劇本：這情況股市將大修正

    The article says the U.S. Federal Reserve is holding a two-day rate meeting and markets see more than a 90% chance of a hike. It quotes veteran media figure Chen Feng-hsin saying the question is no longer whether rates rise, but whether the Fed hikes only once, and that not hiking would be worse because U.S. Treasury yields would climb higher. Chen lays out three scenarios: no hike damages trust, a 25-basis-point hike clears bad news, and a signal of repeated hikes would strengthen the dollar and trigger a sharp stock-market correction.

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  • 風傳媒

    呂紹煒專欄：變數增加，升降之間華許的風險抉擇

    The article says this week’s Federal Reserve rate meeting has become riskier for Warsh after new inflation data pushed market expectations of a rate hike from about 60% to 80–90%. It quotes Warsh’s Jackson Hole remarks insisting the Fed’s 2% PCE inflation target is firm, and says those comments reassured doubters about his defense of Fed independence. The column argues solid U.S. growth and employment give the Fed room to raise rates, while PPI, CPI, oil, geopolitics and Trump tariffs strengthen the case.

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  • 風傳媒

    聯準會傳聲筒：不顧川普反對，升息幾乎已成定局！現在問題是：到底該升息幾次…

    The article says a rate hike is almost a foregone conclusion despite Trump’s opposition, citing Wall Street Journal reporter Nick Timiraos, whom it calls a “Fed mouthpiece.” It says Timiraos writes the Federal Reserve is nearly certain to raise rates on Wednesday for the first time in three years, and quotes former Fed vice chair Richard Clarida of Pimco saying further hikes would then be inevitable, with the real question being how many.

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  • 風傳媒

    科技股獨霸時代過了？Fed高機率升息 分析師曝「這類股」喜提大利多：明年獲利會更好

    The article says the era of tech-stock dominance may be passing as investors expect the Fed is highly likely to raise rates. It quotes Chung Ying Wealth analyst Chen Wei-tai saying funds have already moved toward financial stocks, especially bank-led financial holding companies, and that rate hikes would widen bank spreads and could make next year’s profits better. Chen says tech stocks may stay weak short term, but could rebound after the rate-hike bad news is exhausted.

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