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Fed votes to raise interest rates by 0.25 percentage points

Name: Fed votes to raise interest rates by 0.25 percentage points
Uploaded: 2026-09-16T14:00:00-0400
Duration: 9 min 4 s
Description: 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.

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.