Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Economics

US Federal Reserve hikes interest rates

In a widely anticipated move, the US Federal Reserve has raised interest rates by 25 basis points, elevating the target range to 5% - 5.25%, marking the highest level in 16 years.

Upgrade your subscription to access this article

And gain access to:
  • All website content, including archived news
  • Home page news customisation
  • Tech Zone, your technical resource library
And more
Already A Subscriber?

Read more: Federal ReserveJerome PowellStephen Miller