Federal Reserve raises rates for first time since 2023

Federal Reserve rates
Covered by 10 sources
- DW News EN·4h agoUS Fed raises key rate for first time in 3 years
In an attempt to address the persistently high inflation in the world's largest economy, the US Federal Reserve increased interest rates by 25 basis points. The president, on the other hand, said they should be cut.
Read at DW News EN → - ABC Australia Top·7h agoLive: US policymakers expect Fed to raise rates again this year
The US Federal Reserve has raised interest rates by 25 basis points and policymakers expect one more hike before the end of the year.
Read at ABC Australia Top → - BBC Business·7h agoUS interest rates raised for first time in three years
The Federal Reserve unanimously voted to increase interest rates to 3.75%-4% from 3.5%-3.75% on Wednesday.
Read at BBC Business → - NZ Herald Business·8h agoUS Federal Reserve raises interest rate 25 basis points in first hike since 2023
Rates now sit at 3.75% to 4%, as inflation remains above the Fed's target.
Read at NZ Herald Business → - Al Jazeera·9h agoUS Fed raises interest rates for first time in three years
The 25 basis-point hike is the first raise in three years and comes before critical midterm elections in the US.
Read at Al Jazeera → - Irish Times Business·10h agoFederal Reserve raises rates for first time since 2023
US central bank takes action against rising inflation due to Iran war
Read at Irish Times Business →