Fed Raises Interest Rate by 25 Basis Points in First Rate Hike Since 2018

The US Federal Reserve (Fed) raised interest rates by 25 basis points today, marking the first rate hike in the US since before the COVID-19 pandemic. The increase was in line with what the central bank has long communicated to the market that it would do. The increase in the interest rate was also widely expected by analysts, who have long argued that the Fed must raise rates in order to get the recently high inflation in the US under control....Read More: Fed Raises Interest Rate by 25 Basis Points in First Rate Hike Since 2018