The Zhitong Finance App learned that the Federal Reserve is tightening monetary policy, and the impact is likely to go far beyond the mainland of the United States. The Federal Reserve announced on Wednesday that it would raise the federal funds rate target range by 25 basis points to 3.75% — 4%. This is the first time that the Federal Reserve has raised interest rates since July 2023. What is more noteworthy is that the latest bitmap looking at the Federal Reserve's future policy operations shows that 16 of the 18 officials who submitted interest rate forecasts expect to raise interest rates at least once more during the year.

The Zhitong Finance App learned that the Federal Reserve is tightening monetary policy, and the impact is likely to go far beyond the mainland of the United States. The Federal Reserve announced on Wednesday that it would raise the federal funds rate target range by 25 basis points to 3.75% — 4%. This is the first time that the Federal Reserve has raised interest rates since July 2023. What is more noteworthy is that the latest bitmap looking at the Federal Reserve's future policy operations shows that 16 of the 18 officials who submitted interest rate forecasts expect to raise interest rates at least once more during the year.