Fed Raises Rates for First Time Since 2023, Repricing Supply-Chain Capital

For the first time since July 2023, the Federal Reserve has raised interest rates.The Federal Open Market Committee on Wednesday increased its target for the federal funds rate by 25 basis points to 3.75%–4.00%, reversing the easing cycle that began in 2024. The move was unanimous and reflects renewed concern that inflation remains too high despite continued economic growth.For supply-chain leaders, the significance goes well beyond the headline rate. Higher interest rates increase the cos