Fed Hikes to 4%: Why Are 16 Officials Still Not Done?
The Federal Reserve raised interest rates by a quarter point on Wednesday, lifting the target range to 3.75% to 4.00%. All 12 voting officials backed the move, the first increase since 2023. Forecasts released alongside the decision went further than the hike itself. A total of 16 of 18 policymakers now expect at least one