After Years of Holds and Cuts, the Fed Just Raised Rates Again
The Federal Reserve just did something it hadn’t done in 1,148 days: raise interest rates. The Federal Open Market Committee (FOMC) voted 12-0 to lift the federal funds target range by a quarter percentage point to 3.75%-4%, marking the first increase since July 26, 2023. That ends a stretch of more than three years without […]
Key Takeaways
- The Federal Reserve just did something it hadn’t done in 1,148 days: raise interest rates.
- The Federal Open Market Committee (FOMC) voted 12-0 to lift the federal funds target range by a quarter percentage point to 3.75%-4%, marking the first increase since July 26, 2023.
- That ends a stretch of more than three years without […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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