FOMC Raises Federal Funds Target Range 25 Basis Points to 3.75-4.00 Percent in Unanimous Vote
The Federal Open Market Committee voted 12-0 to raise the federal funds target range by 1/4 percentage point to 3-3/4 to 4 percent, citing elevated inflation and a solid economy. For compliance teams, the move signals continued tightening and raises the importance of interest rate, liquidity, and credit risk monitoring, as well as customer disclosures tied to variable rates.


