The Edition · Thursday, 17 September 2026

Thursday, 17 September 2026

Every story from this day

Chronological

05:38 IST

United Lose Carabao Cup, Carrick Faces Pressure

Manchester United were eliminated from the Carabao Cup after a 3-2 defeat to Brighton at Old Trafford, losing a two‑goal lead for the first time in 145 attempts at the venue. The loss, which came in the third round, has intensified scrutiny of head coach Michael Carrick, who admitted the club’s mood is heavier than before. Jamie Redknapp publicly criticised United’s defensive performance, adding to the pressure on Carrick’s staff. The result echoes earlier setbacks, including a 2‑0 loss to Grimsby under Ruben Amorim and a FA Cup defeat to Fabian Hurzeler’s side earlier in the year. Carrick’s return to the club had sparked a brief revival, but the recent exit suggests the project may be back on track to repeat past failures. The club’s leadership now faces a decision on Carrick’s future, while fans and pundits weigh the implications of the loss for the season ahead. The match highlighted defensive frailties that will need addressing if United hope to compete for trophies this campaign.

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Business · CBS News

05:31 IST

Fed Hikes Rates for First Time Since 2023

The Federal Reserve lifted the federal funds rate by a quarter‑point to a 3.75‑4.00% target range, its highest level since December 2025, on a unanimous vote. Chairman Kevin Warsh said the move reflects persistent inflation above the 2% goal, and that the Fed will keep rates steady through 2027. In its quarterly projections, the Fed signaled a possible further hike later in 2026, but warned it is not the start of a new tightening cycle. The decision came amid rising energy costs driven by the Iran war, which has pushed the August CPI to 3.4% year‑over‑year. Wall Street reacted with a 1.2% drop in the Dow and a 0.4% decline in the S&P 500, as investors weighed the impact on borrowing costs. Banks are expected to raise rates on credit cards, auto loans and mortgages, adding pressure to household budgets. Consumer sentiment fell 13% from the same period last year, underscoring the broader economic slowdown.

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