Fed Raises Interest Rates by 25 Basis Points for First Time Since July 2023

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The U.S. Federal Reserve has raised its benchmark interest rate by 25 basis points, marking its first rate hike since July 2023. The move, which was broadly anticipated by markets, brings the federal funds rate target range to 3.75%–4.0%. The decision reflects the Fed's continued efforts to manage monetary policy in response to prevailing economic conditions. This latest adjustment signals a shift after a period during which rates had been held steady.

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Crypto & Web3CoinDesk ·

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Crypto & Web3CoinDesk ·

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Crypto & Web3CoinDesk ·

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