Fed raises interest rates to 3.75–4%, putting stocks, gold and oil under pressure
The US Federal Reserve raised its benchmark interest rate by 25 basis points to a range of 3.75 to 4.00 percent, marking its first-rate increase since July 2023, as inflation remained above the central bank’s 2 percent target and concerns grew over the potential impact of higher energy prices on the US economy. The decision … The post Fed raises interest rates to 3.75–4%, putting stocks, gold and oil under pressure appeared first on Times Kuwait .