The FOMC voted 12-0 to raise the federal funds rate by 25 basis points to a target range of 3.75%–4%. Markets currently price in one more 25-basis-point interest ...

In September, the U.S. Federal Reserve increased interest rates by 0.25% to a range of 3.75% to 4.0%. The decision to raise rates was primarily based on reducing elevated levels of inflation to ...