Economics
Fed raised policy rate by 25 basis points
The hike came despite four members dissenting and ended a streak of unchanged rates.
51%
certain
The week ahead, reported from the odds
Proof · plate 1 of 1 · pulled Thu 10 Sept · not a record of events
Economics
The hike came despite four members dissenting and ended a streak of unchanged rates.
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Economics
The hike came despite four members dissenting and ended a streak of unchanged rates.
On Wednesday the Federal Reserve increased its policy rate by 25 basis points, reversing expectations that it would cut rates. At least four members voiced dissent during the vote.
The increase moved the target range upward, ending a series of meetings where the rate had been held steady. Committee members who opposed the hike argued that inflation pressures remained modest.
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