India, Sept. 16 -- For the first time since July of 2023, the Federal Reserve announced on Wednesday that it has decided to raise interest rates.
The Fed said it decided to raise the target range for the federal funds rate by 25 basis points to 3.75 to 4 percent in support of its dual mandate.
The vote to increase rates was unanimous following recent signs of division among Fed officials over the outlook for monetary policy.
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