Federal Reserve Raises Fed Funds Rate By 25 Basis Points to a 3.75% / 4.00% Target "In Kevin Warsh's second meeting as Chairman of the Federal Reserve, he presided over the first rate hike in three years. It is a quarter point hike.
This action is intended to promote a timelier return to the Fed's 2% inflation target. An additional hike before December 31 is forecast by 16 of the 18 Federal reserve members. The median participant believes that the Fed funds rate will be 4.10% at the end of 2026 and 2027.
The economy is strengthening, but inflation has "
Federal Reserve Ends Powell Era Holding the Fed Funds Rate at 3,505/3.75% "The Federal Reserve held rates at 3.50% to 3.75%. Economic data related to employment and inflation has been very little changed over the last couple of months so it came to nobody's surprise that the Fed has held its target rate where it is.
The separate question is whether the Fed may need to raise interest rates as inflation expections are increasing as a result the dramatic rise in oil prices from the war in Iran.
While the Fed did not change its statement to move to "