US Fed raises rates 25 bps to 3.75-4.00%
The US Federal Reserve's FOMC raised interest rates by 25 basis points to a 3.75-4.00% range in a unanimous decision, with Chair Kevin Warsh backing the hike despite pressure from President Donald Trump. The committee penciled in another rate increase later in the year, signalling a continued focus on containing inflation and reducing uncertainty over US monetary policy.
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US Fed rate moves drive global capital flows and influence RBI policy decisions.
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- Fed raised rates by 25 bps to a 3.75-4.00% range.
- The decision was unanimous; Chair Kevin Warsh backed it.
- FOMC signalled one more rate hike later in the year.
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