“Inflation Remains Elevated” — US Federal Reserve Raises Interest Rate To 3.75%-4.00% In First Hike Since 2023
The United States Federal Reserve has raised its benchmark interest rate by a quarter of a percentage point, marking its first rate increase since 2023 as policymakers moved to contain persistent inflation and renewed price pressures. At the conclusion of its two-day meeting on Wednesday, September 16, 2026, the Federal Open Market Committee unanimously voted […]