Fed Raises Interest Rates, Iran War and Oil Prices, EU-Canada Alliance artwork
Up First from NPR

Fed Raises Interest Rates, Iran War and Oil Prices, EU-Canada Alliance

Sep 17, 2026 · 13 min

The Federal Reserve raised interest rates for the first time in three years as it tries to bring down stubborn inflation, putting new Fed Chair Kevin Warsh at odds with President Trump’s calls for lower rates.Rising fuel prices linked to the Iran war are driving protests and economic pressure around the world as Saudi Arabia faces attacks on its oil infrastructure and shipping routes.European Unio…