🚨 The Fed raised interest rates by 0.25 points, setting the target range at 3.75%–4%.
📈 Most FOMC officials expect another rate hike on the table this year.
🛢️ Rising oil prices, inflation data, and strong hiring spurred the move.
💡 The Fed projects inflation won’t hit 2% until 2029, highlighting long-term caution.
Continue Reading:Fed raises rates to 4%, signals another hike likely as inflation outlook rises
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