Fed Hikes to 4%: Why Are 16 Officials Still Not Done?
The Federal Reserve raised interest rates by a quarter point on Wednesday, lifting the target range to 3.75% to 4.00%. All 12 voting officials backed the move, the first increase since 2023. Forecasts released alongside the decision went further than the hike itself. A total of 16 of 18 policymakers now expect at least one The post Fed Hikes to 4%: Why Are 16 Officials Still Not Done? appeared first on BeInCrypto.
Key Takeaways
- The Federal Reserve raised interest rates by a quarter point on Wednesday, lifting the target range to 3.75% to 4.00%.
- All 12 voting officials backed the move, the first increase since 2023.
- Forecasts released alongside the decision went further than the hike itself.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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