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Market Impact: 0.8
Fed Rate Hike Raises Costs of Funding Global Commerce
Source: pymnts.com
Monetary PolicyInterest Rates & YieldsInflation

The Federal Reserve raised its federal-funds target range by 25bps to 3.75%-4.00%, citing persistently elevated inflation. The hawkish policy action raises borrowing costs and may pressure rate-sensitive assets, while signaling that inflation risks remain central to the Fed's outlook.
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