Fed unanimously votes to hike rates to 3.75-4% in attempt to 're-establish credibility'

Warsh: ‘Inflation too high for too long’

Michael Nelson
clock • 2 min read

The US Federal Reserve has voted unanimously to increase short-term rates by 25bp to a range of 3.75% to 4% on Wednesday (16 September), the first hike since 2023, in conjunction with market expectations as it attempts to establish market "credibility".

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