Fed lifts target range to 3.75%-4%
The US Federal Reserve raised the interest rate on 16 September, bringing the target range on the federal funds rate to 3.75% to 4%, largely in sync with what most experts expected due to sticky inflation.
New Delhi, Sept. 17 -- The US Federal Reserve increased interest rates by 25 basis points on Wednesday, 16 September, in line with what most experts had expected because inflation remained sticky. 75% to 4%.