Every report in this developing story, from the first to the latest.
The Federal Reserve maintained its benchmark interest rate in a 9-3 decision, with three regional presidents dissenting in favor of a quarter-point hike amid persistent inflation concerns.
The Federal Reserve has increased its benchmark interest rate to a range of 3.75 to 4.0 percent, marking the first hike since 2023.
The Federal Reserve raised its benchmark interest rate by 25 basis points and revised its inflation outlook upward, projecting that core price pressures will not return to the central bank's 2% target until 2029.