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The Federal Reserve raised interest rates by a quarter point to 3.75% to 4% on Wednesday, marking the first increase in three years. Chair Kevin Warsh emphasized the need to address high inflation, while President Trump called for lower rates. The decision has raised concerns among investors about potential future rate hikes and their impact on borrowing costs.
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The Federal Reserve raised interest rates by a quarter point to 3.75% to 4% on Wednesday, marking the first increase in three years. Chair Kevin Warsh emphasized the need to address high inflation, while President Trump called for lower rates. The decision has raised concerns among investors about potential future rate hikes and their impact on borrowing costs.
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Fed hikes interest rates for first time since 2023 in bid to tamp down inflation
Federal Reserve Raises Interest Rates for First Time Since 2023