Fed Raises Rates to 3.75-4 Percent in Unanimous Vote
The Federal Reserve lifted its benchmark rate by a quarter point Wednesday to a range of 3.75 percent to 4 percent, the first increase since July 2023
Freddie Mac
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Fed raises rates for first time since 2023
The Federal Reserve lifted its benchmark rate by a quarter point Wednesday, the first increase in more than three years, pushing the target range to 3
Federal debt hits $40 trillion as interest costs climb
The U.S. federal debt crossed $40 trillion on Wednesday, according to the Treasury Department's daily statement, arriving just five months after the $