WorldPingInflation has been above 2% for five years.
The Fed just decided that was long enough.
Economic releases and corporate results feed directly into rate expectations, currency moves and equity pricing, so the detail here often matters more to markets than the headline itself.
When each newsroom published on this story, oldest first — all times UTC.
US Federal Reserve raises interest rates for the first time since 2023
The Fed unanimously agrees to hike interest rates for the first time since 2023, despite Trump’s call for the ‘lowest rates’ in the world
The original report was published by Fortune. WorldPing does not claim that reporting — this page summarises and contextualises it.
Read the full report at FortuneLiving hubs that keep updating as this story develops.
WorldPingFed committee votes unanimously to raise interest rate by a quarter-percentage point to a range of 3.
Brief by WorldPing · Original reporting by The Guardian
WorldPingThe Federal Reserve delivered the hike Wall Street had almost unanimously priced in.
Brief by WorldPing · Original reporting by Decrypt
WorldPingThe US Federal Reserve's hike decision comes on the back of persistent inflation and a broader increase in global borrowing costs. Inflation has remained stubbornly elevated, while borrowing costs around the world have moved higher.
Brief by WorldPing · Original reporting by Times of India
WorldPingThe widely expected move places the U.S. Federal Reserve's benchmark fed funds rate range at 3.75%-4.0%.
Brief by WorldPing · Original reporting by CoinDesk
The 25 basis-point hike is the first raise in three years and comes ahead of critical midterm elections in the US.
Brief by WorldPing · Original reporting by Al Jazeera
WorldPingFor the first time, the World Athletics Championships will be held on the African continent, with Kenya set to host the event in 2029. World Athletics President Sebastian Coe described Kenya's bid as "convincing and moving".
Brief by WorldPing · Original reporting by France 24
WorldPing