The Federal Reserve raised its benchmark interest rate by 25 basis points, setting the fed funds rate range at 3.75%-4.0%. This marks the first rate hike since July 2023 and was widely expected by markets.
The Federal Reserve raised its benchmark interest rate by 25 basis points, setting the fed funds rate range at 3.75%-4.0%. This marks the first rate hike since July 2023 and was widely expected by markets.