Fed Raises Rates Amid Middle East Energy Disruptions
The Federal Reserve implemented its first rate hike in three years amid ongoing Middle East energy supply disruptions. Crude prices fluctuated while central banks globally adjusted monetary policy to counter inflation.
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The United States central bank raised interest rates by 25 basis points to a range of 3.75%-4.00% on Wednesday. The unanimous decision signals a hawkish shift as policymakers tackle persistent inflation. Markets absorbed the move while weighing ongoing Middle East energy disruptions.
