The Federal Reserve unanimously raises interest rates by 25 basis points to the 3.75%-4% range.

The Federal Reserve's FOMC unanimously decided to raise interest rates by 25 basis points to the 3.75%-4% range, marking the first rate hike since July 2023. The dot plot shows that most officials expect further rate hikes are still needed in 2026 and beyond, with market pricing suggesting approximately 33 basis points in additional rate hikes for the remainder of the year.