The Federal Reserve voted unanimously Wednesday to raise interest rates by 0.25 percentage points in the first hike since July 2023. CBS News' Kelly O'Grady reports and Jim Baird, CFO for Plante Moran Financial Advisors, joins with analysis.
Fed votes to raise interest rates by 0.25 percentage points
The Federal Reserve voted unanimously Wednesday to raise interest rates by 0.25 percentage points in the first hike since July 2023.
Why it matters
- 1.The story may affect readers following this topic.
Sources
External links are provided for reference. Unscrolled is not responsible for the content of external sites.
Related in Business
BusinessU.S. cities pursue driverless trains as automation lags globally
Almost every U.S.
BusinessClinical trial offers hope for aggressive leukemia patients
A Florida man who thought a sore knee was a gout flare learned he had acute myeloid leukemia and was told to consider hospice.
BusinessPersonalized mRNA vaccine reduces melanoma recurrence risk by 42%
Moderna and Merck's personalized mRNA vaccine, combined with Keytruda, cut the risk of recurrence or death by 42% in Stage 3 melanoma patients, NBC News reports.