After Years of Holds and Cuts, the Fed Just Raised Rates Again

The Federal Reserve just did something it hadn’t done in 1,148 days: raise interest rates. The Federal Open Market Committee (FOMC) voted 12-0 to lift the federal funds target range by a quarter percentage point to 3.75%-4%, marking the first increase since July 26, 2023. That ends a stretch of more than three years without […]