US Fed Hikes Interest Rates For First Time After Three Years | Kevin Warsh

The U.S Federal Reserve has raised its target federal funds rate by 25 basis points to a range of 3.75 percent to 4 percent on Wednesday. This has marked its first-rate hike since July 2023 as it battles stubborn inflation. In its policy statement, the Fed said persistent inflationary pressures, compounded by geopolitical conflicts driving up global energy prices, have left current monetary policy insufficient to bring inflation back down to its 2 percent target. #NDTVWorld #USFederalReserve #FedRateHike #USInflation #InterestRates