Market impact of the Federal Reserve's first rate hike in three years
The US Federal Reserve raised interest rates by 0.25 percentage points to a range of 3.75% to 4.00% during the September 16 FOMC meeting. This marks the first rate hike since July 2023, with the decision passed by a unanimous 12-0 vote.
Summaries are written by AI from the original article. Not investment advice.