US Federal Reserve raises interest rate by 25 basis points

WAM
17 Sep 2026, 00:22 GMT+10

WASHINGTON, 16th September, 2026 (WAM) -- The US Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75%-4%, its first increase since 2023.

Updated projections released Wednesday showed that a strong majority of officials think another hike is possible later this year.

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