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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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
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
President Donald Trump demanded the Federal Reserve slash interest rates to 1% "or less," hours after the central bank announced its first rate hike since 2023.
Brief by WorldPing · Original reporting by CNBC World
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