The 25 basis-point hike is the first raise in three years and comes before critical midterm elections in the US.
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'Inflation too high for too long': US Fed hikes interest rates for first time since 2023
US Fed raises interest rates for first time in three years
Federal Reserve hikes key rate for first time in three years, defying Trump demands for cut
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The Federal Reserve unanimously voted to increase interest rates to 3.75%-4% from 3.5%-3.75% on Wednesday.
Brief by WorldPing · Original reporting by BBC Business
WorldPingTrump urges lower rates after central bank agrees increase by quarter-percentage point to range of 3.
Brief by WorldPing · Original reporting by The Guardian
WorldPingThe move comes as Americans are already struggling with high costs for groceries, gas, and housing.Affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away…
Brief by WorldPing · Original reporting by The Hindu
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
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
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