Federal Reserve expected to announce interest rate increase – live
Summary
The US Federal Reserve raised its interest rates by 0.25% to a range of 3.75% to 4% to help reduce inflation and support the economy. This decision was unanimous among committee members and comes after inflation remained high despite previous rate pauses.Key Facts
- The Federal Reserve increased its key interest rate by a quarter percentage point.
- The new target range for the federal funds rate is 3.75% to 4%.
- The decision was unanimous, with all 12 voting members in favor.
- Inflation in the US has stayed above the Fed’s 2% target for over five years.
- Job growth remains strong and the unemployment rate is stable.
- Energy prices and other factors have kept inflation high.
- Some experts believe inflation may not return to 2% soon without rate hikes.
- President Trump has publicly pushed for interest rate cuts despite Fed’s actions.
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