The Federal Reserve has raised interest rates for the first time in more than three years, hiking them by a quarter-point to a range of 3.75 to 4 percent in a unanimous decision by its policy-setting committee. The move comes as the central bank seeks to curb inflation amid ongoing economic tensions, including the escalating conflict in Iran. Analysts will be watching closely to see how this adjustment could impact borrowing costs, financial markets, and broader economic stability. The decision marks a significant shift in monetary policy after a prolonged period of low rates.
Federal Reserve Chair Kevin Warsh delivered remarks Wednesday afternoon after the central bank opted to raise interest rates by 0.25 percent to tame inflation amid the Iran war. The Federal Open Market Committee voted unanimously to increase the rate to a range of 3.75 to 4 percent, its first hike in over three years —...
