Federal Reserve Resumes Rate Hikes, Elevating Benchmark to 3.75%-4% Under New Chair Kevin Warsh
WASHINGTON — In a unanimous decision that marks a definitive pivot in U.S. monetary policy, the Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Wednesday, lifting the federal funds target range to 3.75%–4%. The move signals a renewed aggressive stance against persistent inflation and represents the first rate…
