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    Fed votes to raise interest rates by 0.25 percentage points

    CBS News
    September 16, 2026
    via CBS News

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    Fed votes to raise interest rates by 0.25 percentage points

    The Federal Reserve voted unanimously Wednesday to raise interest rates by 0.25 percentage points in the first hike since July 2023. CBS News' Kelly O'Grady reports and Jim Baird, CFO for Plante Moran Financial Advisors, joins with analysis.

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