DJIA52132.82 39.71
S&P 5007615.09 29.36
NASDAQ26201.66 220.09
Russell 20002883.02 12.73
German DAX25543.62 141.34
FTSE 10010694.65 36.52
CAC 408140.59 50.31
EuroStoxx 506271.95 33.85
Nikkei 22563923.00 438.90
Hang Seng24713.78 46.54
Shanghai Comp3891.60 27.32
KOSPI6717.97 90.71
Bloomberg Comm IDX146.02 -1.25
WTI Crude-fut100.50 -2.43
Brent Crude-fut102.35 -3.10
Natural Gas3.03 0.09
Gasoline-fut3.20 -0.27
Gold-fut4387.60 49.60
Silver-fut65.00 0.71
Platinum-fut1791.20 5.60
Palladium-fut1318.50 2.50
Copper-fut6.51 0.04
Aluminum-spot3195.00 0.00
Coffee-fut280.80 -2.55
Soybeans-fut1314.50 -4.75
Wheat-fut724.50 -3.25
Bitcoin75849.67 264.39
Ethereum USD2390.66 -4.98
Litecoin50.48 -0.75
Dogecoin0.08 0.00
EUR/USD1.1540 -0.0004
USD/JPY155.00 0.55
GBP/USD1.3480 -0.0009
USD/CHF0.8186 0.0014
USD IDX99.69 0.07
US 10-Yr TR4.964 -0.032
GER 10-Yr TR3.5144 0.0034
UK 10-Yr TR5.3079 0.0053
JAP 10-Yr TR2.995 -0.006
Fed Funds3.75 0
SOFR3.64 0.02
High-rise commercial buildings

Sub Markets

Topics

Latest News  + Central Bank Watch  + Economy  + Markets  | 

Fed Raises Rates Quarter-Point, Signals Another Increase This Year

The Federal Reserve raised interest rates by a quarter percentage point Wednesday, delivering its first increase since July 2023 as policymakers responded to renewed inflation pressures.

The unanimous decision by all 12 voting members of the Federal Open Market Committee lifted the federal funds rate’s target range to 3.75% to 4%.

Fed officials also signaled that additional tightening is likely. Eighteen of the 19 policymakers who submitted economic projections anticipated at least one more quarter-point increase by the end of the year. Four officials projected that rates would need to rise by another half percentage point in 2026, implying two additional quarter-point moves.

Connect

Inside The Story

Federal Reserve

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.