Federal Reserve Raises Interest Rates and Signals More Hikes
The Federal Reserve raised its benchmark interest rate by a quarter point and signaled further tightening. Policymakers noted persistent price pressures across the economy, prompting swift calls from President Trump for rate cuts.
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The United States Federal Reserve raised its benchmark interest rate by a quarter of a percentage point to the 3.75%-4.00% range. The unanimous decision on Wednesday marked the first rate hike in three years. Policymakers acted to curb persistent inflation driven by global import tariffs, an energy shock following the start of the war between Israel and Iran alongside capital spending from the artificial intelligence boom, and rising West Texas Oil prices.
