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International Business Times UK
International Business Times UK
World
Michael Toledo

Federal Reserve Interest Rates Rise to 4% as Fed Signals Another Hike Is Coming Before Year-End

Interest Rates the Federal Reserve Inflation Kevin Warsh US Federal Reserve
The Federal Reserve raised interest rates to a 3.75%-4% range and signalled another hike could come before year-end (Credit: Kaboompics/Pexels)

The Federal Reserve has raised interest rates for the first time in more than three years, but Americans hoping Wednesday's increase would be a one-off could face another hike before the end of 2026.

The Federal Open Market Committee voted unanimously to increase its benchmark rate by a quarter percentage point, taking the federal funds target range to 3.75% to 4%. The 12-0 decision marked the Fed's first rate increase since 2023 as policymakers renewed efforts to bring stubborn inflation back towards their 2% target.

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