Federal Reserve Raises Interest Rates by Twenty Five Basis Points
The Federal Open Market Committee lifted the federal funds rate target to a range of 3.75 to 4 percent.
By Orion Desk
The Federal Open Market Committee voted unanimously to increase the target range for the federal funds rate by 0.25 percentage points. This decision aims to address persistently elevated inflation and ensure a return to the central bank's two percent target.
Traders will note the Committee's assessment that economic activity continues to expand at a solid pace despite ongoing geopolitical uncertainty. Policymakers highlighted resilient domestic spending and robust capital investment as key factors in their current economic outlook.
Originally published by Federal Reserve
Instruments mentioned
This material is provided for information only. It is not investment advice, not a recommendation, and not an offer to buy or sell any instrument. CFDs are complex instruments and carry a high risk of losing money rapidly through leverage. Consider whether you understand how they work and whether you can afford to take the risk.