US hikes interest rates - to Trump's annoyance
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The US central bank has raised interest rates for the first time in more than three years, to try to curb inflation. The Federal Reserve lifted its benchmark rate by a quarter of a percentage point and suggested it could do so again before the end of the year. In a social media post, President Trump demanded "lower interest rates... and fast."
Also: Nepal has sharply revised upwards the number of people missing after last month's flash flood to 6,150. Hundreds more are missing across the border in Tibet. What American scientists are trying to achieve by putting human brain cells in mice. The racing driver, Ollie Millroy, who says he “owes his life” to a rival who pulled him from his burning car during a race in Shanghai. And we look back at the life of one of Nigeria's best-known actors, Olu Jacobs, who has died at the age of 84.
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Photo: Federal Reserve Chairman Warsh speaks after interest rate hike, Washington, USA - 16 Sep 2026
Credit: EPA/Shutterstock
Also: Nepal has sharply revised upwards the number of people missing after last month's flash flood to 6,150. Hundreds more are missing across the border in Tibet. What American scientists are trying to achieve by putting human brain cells in mice. The racing driver, Ollie Millroy, who says he “owes his life” to a rival who pulled him from his burning car during a race in Shanghai. And we look back at the life of one of Nigeria's best-known actors, Olu Jacobs, who has died at the age of 84.
The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight.
Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment.
Get in touch: globalpodcast@bbc.co.uk
Photo: Federal Reserve Chairman Warsh speaks after interest rate hike, Washington, USA - 16 Sep 2026
Credit: EPA/Shutterstock
