
Business & Finance
Oct 19•2 min read
Fed raises rates to 3.75%-4.00%, first hike since 2023
The central bank lifts its benchmark target range to 3.75%-4.00% in its first upward shift in years.
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The central bank lifts its benchmark target range to 3.75%-4.00% in its first upward shift in years.

The People's Bank of China considers shifting toward a short-term benchmark to steer borrowing costs.