## FOMC Meeting: Fed Hikes Rates for First Time Since 2023 Boluwatife Adeyemi Highlights - Fed hiked rates by 25 basis points in line with expectations. - All FOMC members voted in support of the decision. - This marks the first Fed rate hike since July 2023. The U.S. Federal Reserve has hiked interest rates by 25 basis points, the first hike since July 2023. The Fed rate hike comes in line with expectations as inflation concerns stemming from the Middle East crisis mount. ## FOMC Makes First Fed Rate Hike Since 2023 In a press release, the Federal Reserve announced that the Committee decided…