BREAKING: Federal Reserve Raises Interest Rates by 25 Basis Points Ahead of Midterm Elections (LIVE PRESSER)

3 days ago 1

The Federal Reserve on Wednesday raised interest rates by 25 basis points – or 0.25%.

The Federal Open Market Committee (FOMC) voted 12-0 to increase the benchmark rate to 3.75%.

This is the first rate hike since 2023.

The rate hike comes just weeks before the midterm elections.

President Trump h...