Federal Reserve interest rate decision

Raises benchmark interest rate by 0.25 percentage points to combat inflation, marking the first increase since 2018

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Targets a higher benchmark range of 3.75% to 4% as the Federal Reserve signals potential for further rate hikes by the end of the year.

No source was given for this update.

Federal Reserve raises interest rates by 25 basis points to a range of 3.75% to 4.00%, marking the first hike since 2023 under Chairman Kevin Warsh

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Raises benchmark interest rate by 0.25 percentage points, marking the first rate hike in over three years as Wall Street stocks decline.

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