3 days ago
2
Key Takeaways
- The Fed raised rates by 25 basis points.
- All 12 committee members supported the increase.
- The target range now stands at 3.75%–4.00%.
- The 2026 rate projection increased to 4.1%.
- Officials project another hike before year-end.
A unanimous vote moves the range
The Federal Open Market Committee approved the quarter-point increase by a 12 – 0 vote, according to the Federal Reserve’s September statement. The decision raised the federal funds target range from 3.50%-3.75% to 3.75%-4.00%.
The Fed said
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