US Fed Raises Rate by 0.25%, Signals Further Hikes This Year

The US Federal Reserve has raised its benchmark interest rate by 0.25 percentage points, adjusting the target range to 3.75%-4.00%. This marks the first increase since 2023. The Fed announced in its FOMC statement on April 16 that the decision was approved unanimously (12-0). Officials stated that inflation remains at a high level and this move is part of efforts to return prices to the 2% target more quickly.

The Fed's released economic projections show a median forecast for the federal funds rate by year-end at 4.1%. Crypto Briefing reported that this hike signals an ongoing battle against inflation and potential additional increases in the coming months.