Federal Reserve Hikes Rates by 25 Basis Points Amid Ongoing Inflation Concerns

The Federal Reserve raised its benchmark federal funds rate by 25 basis points at the September 16 FOMC meeting, moving the target range to 3.75%, 4.00%. This decision was in line with market expectations and reflected the Fed's view of ongoing price pressures.

Markets had been pricing a 25-basis-point move ahead of the decision, and analysts cited by other outlets said the increase was widely expected after recent data showed firmer inflation and rising Treasury yields.

Fox Business coverage included on-air reporting from correspondents on how the decision reflected the Fed's view of ongoing price pressures. The network also carried commentary about the Fed's inflation outlook and projections for core personal consumption expenditures.