The BBC's Samira Hussain looks at the factors considered in the increase and what it could mean for the US economy.
BBC News – Business Fed committee votes unanimously to raise interest rate by a quarter-percentage point to a range of 3.75% to 4% The US Federal Reserve voted to raise interest rates on Wednesday for the first time since 2023 as the central bank continues to fight to tamp down inflation. The Fed’s open market committee voted unanimously to raise its benchmark interest rate by a quarter-percentage point to a range of 3.75% to 4%. This…
Fed committee votes unanimously to raise interest rate by a quarter-percentage point to a range of 3.75% to 4% The US Federal Reserve voted to raise interest rates on Wednesday for the first time since 2023 as the central bank continues to fight to tamp down inflation. The Fed’s open market committee voted unanimously to raise its benchmark interest rate by a quarter-percentage point to a range of 3.75% to 4%. This…
BBC News – Business BBC News – Business The Federal Reserve unanimously voted to increase interest rates to 3.75%-4% from 3.5%-3.75% on Wednesday.
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
NPR – US Cornell University has retained former U.S. Deputy Attorney General Sally Yates to lead an independent review of how it handles sexual assault reports, including allegations of a 2024 assault in a fraternity house. Yates will examine the university's investigations, disciplinary process and campus police response.
NPR – US Paramount has completed its acquisition of Warner Bros. Discovery, forming the combined company Skydance, which began trading on Wall Street on Tuesday. The merger unites Hollywood studios, streaming services, and cable networks including CNN, CBS News, Comedy Central, and TNT. Reports cite differing deal values.
NYTimes – US President Donald Trump approved a firing-squad execution for Maj. Nidal Malik Hasan, the U.S. Army psychiatrist convicted of killing 13 people at Fort Hood in 2009. The Pentagon said the execution would be the first carried out by the U.S. military since 1961 and the first by firing squad since World War II. CBS reported an email stating the execution is set for Dec. 3, though other reports said the date and location had yet to be set by the Army.
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