📈 The Federal Open Market Committee (FOMC) raised interest rates by 25 basis points to reach 3.75% - 4%.
The Federal Reserve said the increase is intended to speed up the path toward the 2% inflation target. All 12 committee members voted unanimously; and most forecasts indicate that interest rates will reach 4.1% by the end of 2026, with the average long-term policy rate now adjusted to 3.2%.
The Federal Reserve said the increase is intended to speed up the path toward the 2% inflation target. All 12 committee members voted unanimously; and most forecasts indicate that interest rates will reach 4.1% by the end of 2026, with the average long-term policy rate now adjusted to 3.2%.