The Fed Just Raised Rates Again: Here’s What It Means for Freight

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The Federal Open Market Committee raised the federal funds target range by 25 basis points to 3.75%-4.00%, marking the first increase after a period of cuts to address persistent inflation. The rate hike is expected to impact freight and shipping industries due to changes in borrowing costs and market dynamics.

On September 16, the Federal Open Market Committee (FOMC) raised the federal funds target range by 25 basis points to 3.75%–4.00%, its first hike after a run of cuts, citing inflation that Fed Chair Kevin Warsh called “too high and has been for too long.” Effective September 17, the Fed also moved its full set […] The post The Fed Just Raised Rates Again: Here’s What It Means for Freight appeared first on FreightWaves.