U.S. stocks fell and the dollar strengthened after the Federal Reserve unanimously raised its benchmark interest rate by 25 basis points to 3.75%-4.00%, its first increase since 2023 and first hike in more than three years. Gold initially slipped but rose 0.2% to $4,269 an ounce in early Asian trading as markets had largely priced in the move. The Fed signaled another increase could come later this year, while Oxford Economics expected a December hike followed by an extended pause. The Australian and New Zealand dollars weakened, although stronger-than-expected New Zealand growth limited the kiwi's decline. Generac jumped 33% in extended trading after Amazon received warrants to buy up to $340 million of its shares under a backup-generator supply agreement for Amazon data centers.