The Federal Reserve has raised interest rates by 25 basis points after a three-year hiatus, and there may be another rate hike within the year

The Federal Reserve announced a 25 basis point rate hike in the early morning of September 17th Beijing time, raising the target range for the federal funds rate to 3.75% -4%, marking the first rate hike since July 2023. The resolution was unanimously passed, and the latest dot matrix shows that most officials expect to raise interest rates again within the year. Chairman Walsh stated that the job market is in a state of full employment, with high inflation sub items and the need to tighten financial conditions. After the meeting, the US stock market fell, US bond yields rose, and the US dollar strengthened. The subsequent policy path will depend on inflation and economic data.