What to know

• The central bank also signaled one additional rate hike later this year, as it struggles to bring inflation down to its 2 percent target. worldpoliticsreview.com/">World Politics Review.S1
• Fed raises rates for first time since 2023, sees one more hike this yearS2
• The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, its first hike in three years as the central bank battles high inflation with a move sure to anger US President Donald Trump. The Fed’s Federal Open Market Committee vot...S3
• Move comes after Trump nominated Kevin Warsh as Fed chair and said US should have lowest rates in the worldThe US Federal Reserve voted to raise interest rates on Wednesday for the first time since 2023 as the central bank continues to fight to tamp down infla...S4
• We break down how the rate hike will impact retirees, savers, homebuyers, borrowers and job seekers.S5
• Central bank chair Kevin Warsh defies calls from Donald Trump to lower borrowing costsS6
• The Federal Reserve on Wednesday raised its benchmark interest rates for the first time since 2023, in a move aimed at slowing inflation.S7
• The widely expected move places the U.S. Federal Reserve's benchmark fed funds rate range at 3.75%-4.0%.S8