Fed raises rates 25bp to 3.75-4.00% in unanimous 12-0 vote, first hike since 2023, citing Middle East conflicts and inflation

The Federal Reserve, under chair Kevin Warsh, raised interest rates by 25bp to a 3.75-4.00% range at its September 16 FOMC meeting, its first hike since 2023, in a unanimous 12-0 decision. The Fed cited Middle East conflicts and geopolitical developments alongside stubborn inflation, and projected two more hikes. FedWatch-implied odds of a hike had risen to roughly 86.5-87%.

Detected & updated continuously · Source: Nebula