Fed raises rates by 25 basis points to 3.75%–4%, its first hike since 2023

Money & Policy/Federal Reserve/
Fed raises rates by 25 basis points to 3.75%–4%, its first hike since 2023
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The Federal Reserve lifted its benchmark rate by a quarter point to a 3.75%–4% range, its first hike since 2023, in a unanimous 12–0 vote. Officials said inflation is still too high and framed the move as speeding a return to 2%. Growth and hiring were described as solid. Updated projections show most policymakers expect at least one more increase this year.

3 sources

  1. 01CNBC — Fed rate decision September 2026: Rates rise to 3.75%-4%cnbc.com
  2. 02CNN Business — Fed raises interest rates for the first time since 2023cnn.com
  3. 03The National — US Fed raises interest rates and signals one more this year as inflation risks mountthenationalnews.com