US Federal Reserve Raises Interest Rate By 25 Basis Points
The US Federal Reserve raised its benchmark interest rate by 25 basis points, setting a target range of 3.75%-4%, its first increase since 2023. This decision was announced on September 17, 2026.
Muhammad Irfan
(Published September 17, 2026 | 12:00 AM)
WASHINGTON, (UrduPoint / Pakistan Point News / WAM - 17th Sep, 2026) The US Federal Reserve decided to raise interest rates, signaling a potential for further hikes later in the year, as indicated by updated projections.
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