Fed raises rates 25bp to 3.75%-4.00% in unanimous 12-0 vote; dot plot sees another hike to 4.125%

The FOMC voted 12-0 to raise the policy rate 25bp to 3.75%-4.00%, the first hike since 2023. The dot plot shows 12 of 18 officials expect another hike by year-end, to 4.125%, and inflation is not projected back at 2% until 2029. Chair Kevin Warsh cited a stronger economy and sticky inflation.

Detected & updated continuously · Source: Nebula