Fed Raises Interest Rates by 0.25% for First Time Since 2023
The FOMC hiked interest by 25 basis points to 3.75%-4.00% during its September meeting, marking the first increase since 2023.
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Why It Matters
The Federal Reserve raised the cost of borrowing money by a small amount. When borrowing costs go up, companies and people spend less, which can slow down stock market growth.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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