In a widely expected move, the Federal Reserve announced its decision to raise interest rates by 25 basis points on Wednesday.
The Fed decided to raise the target range for the federal funds rate to 2 to 2.25 percent, citing realized and expected labor market conditions and inflation.
The accompany statement said data received since the Fed's August meeting indicates the labor market has continued to strengthen and that economic activity has been rising at a strong rate.
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Business News
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.