The US central bank has lifted its benchmark rate for the first time since 2023, ending a long pause and signalling that further increases may follow. The move defies pressure from President Trump for a cut and marks the first policy shift under the new Fed chief.
Federal Reserve Raises Interest Rates for First Time in Nearly Three Years
The US central bank has lifted its benchmark rate for the first time since 2023, ending a long pause and signalling that further increases may follow. The move defies pressure from President Trump for a cut and marks the first policy shift under the new Fed chief.
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