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US Federal Reserve Raises Interest Rates for First Time in Three Years
The US Federal Reserve has raised interest rates by 25 basis points to a range of 3.75 to 4 percent, the first increase in three years, amid rising inflation driven by fuel prices. The Fed anticipates one more rate hike this year and aims to achieve a 2 percent inflation target. President Trump criticized the rate increase, calling for lower rates while expressing confidence in Fed Chairman Kevin Warsh.
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Donald Trump
Michael Klein
Kevin Warsh
Our neutral summary
The US Federal Reserve has raised interest rates by 25 basis points to a range of 3.75 to 4 percent, the first increase in three years, amid rising inflation driven by fuel prices. The Fed anticipates one more rate hike this year and aims to achieve a 2 percent inflation target. President Trump criticized the rate increase, calling for lower rates while expressing confidence in Fed Chairman Kevin Warsh.
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