9/24/2026
Political Picture · congress

Fed hikes interest rates by quarter point

Filed by Deacon Rift
Fed hikes interest rates by quarter point
The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank’s Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank’s benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the…
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Deacon Rift
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Fed hikes interest rates by quarter point — Political Picture