The FRB (U.S. central bank board) raised its policy rate by 0.25 percentage point to a 3.75%-4.00% range, marking its first increase since July 2023. The article's key points date the move to Sept. 17, while its detailed account says the decision was made on Sept. 16. The vote was unanimous at 12-0. The Bank of Japan is set to assess whether additional tightening is warranted on Sept. 18. Grayscale's research division said the U.S. increase represented a medium-term adjustment rather than a cyclical change. ZachPandl, identified as the company's Head of Research, provided that view in a note dated Sept. 17.