Washington (US), 16 Sept. (LaPresse) – The Federal Reserve has raised interest rates by a quarter of a percentage point. This is the first significant move by the new chairman, Kevin Warsh, to combat persistent inflation. The decision, which brings rates into a new range of between 3.75 per cent and 4 per cent, received the unanimous support of all 12 members of the Federal Open Market Committee. It was the Fed’s first rate rise since July 2023.
US: Fed raises interest rates by 0.25 per cent, for the first time in three years
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Washington (US), 16 Sept. (LaPresse) – The Federal Reserve has raised interest rates by a quarter of a percentage point. This is the first significant move by the new chairman, Kevin Warsh, to combat persistent inflation. The decision, which brings rates into a new range of between 3.75 per cent and 4 per cent, received the unanimous support of all 12 members of the Federal Open Market Committee. It was the Fed’s first rate rise since July 2023.
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