20 Hrs
Source:
الاقتصادية
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Fed hikes rates for first time since 2023
The U.S. Federal Reserve raised interest rates by 25 basis points for the first time since July 2023, bringing the target range to 3.75%–4%. The decision came in response to rising inflation, as the Personal Consumption Expenditures (PCE) index increased by 3.7% year-over-year in June and July, with oil prices climbing and the 10-year Treasury bond yields reaching their highest level since July 2007. This pause in rate hikes reflects ongoing inflation pressures and indicates a continued hawkish monetary stance, with expectations of another increase in the coming months, as inflation remains above the central bank's 2% target.
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