Morning Wide: Today's Major News (September 17, 2026)

1. U.S. Fed Raises Benchmark Interest Rate by 0.25 percentage points... Signals Additional Hikes This Year

The U.S. central bank, the Federal Reserve, has raised its benchmark interest rate by 0.25 percentage points for the first time in 3 years and 2 months. Among the 19 FOMC members, 16 projected additional rate hikes within the year.

2. Suspicion of False Residency Registration for Evictee Special Supply... Hearing Marked by Shouting

At the confirmation hearing for Minister of National Defense nominee Kang Shin-chul, which continued late into the night, the main issue was the suspicion that he received a special housing supply for displaced residents by using a false residency registration. The Democratic Party plans to push for the adoption of the hearing progress report for Minister of Justice nominee Kim Seung-won as early as today, September 17, while the People Power Party has forewarned street protests.

3. Prosecution Seeks 4-Year Prison Sentence for Independent Lawmaker Kang Sun-woo Over 100 Million Won Nomination Kickback

Independent lawmaker Kang Sun-woo, who was put on trial on charges of giving and receiving 100 million won in nomination kickbacks, faces a requested 4-year prison sentence from the prosecution. The first-instance sentencing is scheduled for October 14.

4. Men's Basketball Team Defeats Jordan to Advance to Semifinals... To Face Iran Tomorrow

The men's basketball national team defeated Jordan in the quarterfinals of the Nagoya Asian Games to advance to the semifinals. Tomorrow, they will clash with Middle Eastern powerhouse Iran for a spot in the finals.
※ Please note: This article was translated by AI and may contain errors.