On the Dash: The Fed raised rates a quarter point to 3.75% to 4%, its first hike since 2023. Most Fed officials project at least one more rate increase before the end of 2026. New-car loan APRs could rise about 12 basis points in the months after the hike. The Federal Reserve raised its benchmark interest rate by a quarter percentage point Wednesday. The hike moves the federal funds target range to 3.75% to 4%, the Fed’s first increase since 2023. That benchmark influences the prime rate, which in turn shapes auto loan rates. The unanimous decision comes as policymakers grapple with stubborn inflation, made worse by a recent rebound…
