Federal Reserve raises interest rates for the first time since 2023
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
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The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
The Federal Reserve is expected to announce interest rate cuts on Wednesday.
A two-day Federal Reserve meeting got underway on Tuesday, with an interest rate cut expected on Wednesday.
The Federal Reserve on Wednesday cut interest rates by 0.25 percentage points amid a weaker labor market.
