The widely expected move places the U.S. Federal Reserve's benchmark fed funds rate range at 3.75%-4.0%. The Fed raised the fed funds rate by 25 basis points to a target range of 3.75% to 4.00%, marking its first hike since July 2023. The move had been widely anticipated by market participants. The vote to raise was unanimous, with the “dots” showing the central bank expects to hike rates one more time in 2026. The U.S. Federal Reserve tightened monetary policy for the first time in more t…
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