Fed Expected to Raise Rates for First Time in 3 Years — SkimNews
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- The Federal Reserve is expected to raise its benchmark interest rate for the first time in three years, according to NPR.
- Borrowing costs were already surging ahead of the expected Fed move, prompting The New York Times to ask why the Fed would hike into that backdrop.
Why it matters: This would mark the Fed's first rate increase in three years, signaling a shift in monetary policy. Bond traders had already priced in the move before the announcement, and rising borrowing costs were already pressuring borrowers before any hike took effect — a timing wrinkle the NYT headline flags.
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