The 25 basis-point hike is the first raise in three years and comes ahead of critical midterm elections in the US.
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US Federal Reserve hikes interest rate to 3.75-4% range; first time since 2023
US Fed raises interest rates as inflation weighs on economy
Fed approves interest rate hike, signals one more to come this year
10-year Treasury yield climbs back to 5% after Fed hikes rates, Warsh highlights inflation risks
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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
The 10-year Treasury note yield traded near the key 5% mark after a Federal Reserve rate increase and comments from Chairman Kevin Warsh highlighting persistent inflation risks.
Brief by WorldPing · Original reporting by CNBC World
WorldPingInflation has been above 2% for five years. The Fed just decided that was long enough.
Brief by WorldPing · Original reporting by Fortune
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 Federal Reserve on Wednesday approved its first interest rate hike since 2023 and indicated another to come.
Brief by WorldPing · Original reporting by CNBC World
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
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