POPA Recon1. Fed hikes interest rates by 25 bps for first time since July 2023
1. Fed hikes interest rates by 25 bps for first time since July 2023 2. The decision was made in a 12-0 unanimous vote 3. Fed says the decision will support a "timelier" return to 2% inflation 4. Median Fed forecast shows one more 25 basis point rate hike in 2026 5. Fed says job gains are strong and the unemployment rate has "changed little" 6. "The Committee will deliver price stability," the Fed's statement says Source
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