Fed Raises Rates to 3.75-4.00% in Unanimous Vote

The Federal Reserve has raised its benchmark interest rate to 3.75-4.00%, marking its first increase since 2023 and its first move of any kind since a cut in December 2025.

The hike affects the 30 companies that have floating-rate debt, increasing what they pay on their loans, while also widening the spread between what JPMorgan (JPM) and Goldman Sachs (GS) earn from lending at and paying depositors.

The vote was unanimous, with all 12 members agreeing to the rate hike. The statement accompanying the decision noted that economic activity remains solid, spending is resilient, and capital investment is robust.