The Federal Reserve's FOMC members unanimously agreed to this rate hike, whereas the previous meeting's vote was 9 in favor and 3 against.

BlockBeats news, September 17: The Federal Reserve raised interest rates by 25 basis points, lifting the benchmark rate to 3.75%-4.00%, the first hike since July 2023, in line with market expectations, after the Fed had held steady for five consecutive meetings.

The FOMC statement said that despite uncertainties, U.S. economic activity has continued to expand at a solid pace, domestic consumption remains strong, but inflation remains elevated.

The latest economic projections show that Fed officials expect the median federal funds rate to be 4.1% by the end of 2026, up from the 3.8% forecast in June; the median rate expectation for the end of 2027 also rose to 4.1%, a notable upward revision from the 3.6% forecast in June. FOMC members unanimously agreed to this rate decision, while the previous meeting's vote was 9 in favor and 3 against.