Fed delivers first rate hike since July 2023, lifts benchmark to 4%
The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to 4% from 3.75% on Wednesday, marking the central bank’s first rate hike since July 2023 amid persistent inflation and high oil prices.
September 16, 2026 (MLN): The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to 4% from 3.75% on Wednesday, marking the central bank’s first rate hike since July 2023 amid persistent inflation and high oil prices. During its two-day Federal Open Market Committee (FOMC) meeting, the Fed decided to increase interest rates despite U.S. President Donald Trump’s calls for lower borrowing costs...