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2 days ago, 05:24 AM
The Fed raised rates by 25 bps to 3.75%-4.00%, with a unanimous 12-0 vote — the first hike since 2023. The dot plot shows: 16 of 18 officials expect at least one more rate hike this year.
Chairman Wash cited a strong economy, inflation above target, and Middle East tensions as reasons for the unanimous vote.
The next two Fed meetings before year-end are also expected to discuss rate hikes. Another 25-bps increase cannot be ruled out.
The US stock market has already priced in the expectation of this rate hike, with calm market performance.
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