Fed hikes interest rates, Trump fires back
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Wall Street futures surge ahead of Fed decision
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Federal Reserve raised rates to 3.75%-4% and signaled another 2026 hike as stubborn inflation, energy prices and markets pressure Kevin Warsh.
The Federal Reserve on Wednesday approved its first interest rate hike since 2023 and indicated another to come.
The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023. The hike will likely make it even costlier to borrow for homes, autos and other purchases. But if you've been socking money away, you’ll probably earn a bit more interest on your savings.
Fed Chair Kevin Warsh has sent investors a message: When it comes to tamping down inflation, he means business.
The Singapore dollar strengthened slightly against the greenback during Asian trade after weakening sharply overnight following the Fed’s rate hike.
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Fed Revives ‘Higher For Longer’ Narrative With Rate Hike — Strategist Calls It A ‘Policy Mistake’
James E. Thorne, Chief Market Strategist at Wellington Altus, commented in a post on X that the Fed’s hike has pushed markets into a negative growth shock.
`U.S. futures rose Wednesday ahead of the Federal Reserve’s decision on interest rates with high expectations that they will move higher in what would be the central bank’s first hike in more than three years.
The Federal Reserve On Wednesday hiked benchmark interest rates by 25 bps to a target range of 3.75% to 4.00%, in line with market expectations.