Sep 17, 2026
The Pound drops below its long-run average as the Fed's rate passes Britain's
The Fed raised rates by a quarter point to 3.75-4.00% on Wednesday, the first hike since 2023, and the vote was 12-0. The middle of the new range is 3.875%, which puts US rates above the UK's 3.75% for the first time this year.
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