US Federal Reserve Raises Interest Rates Amid Persistent Inflation
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The US Federal Reserve (Fed) has raised its key interest rate for the first time since 2023, hiking it by 25 basis points to a range of 3.75% to 4%. This decision comes amidst ongoing high inflation, driven partly by rising energy prices. The rate increase was widely expected and is seen as a move to mitigate inflationary pressures. Fed Chairman Kevin Warsh, appointed by US President Donald Trump, announced the decision. Trump had previously urged Warsh to lower rates, even threatening trade restrictions if the Fed did not comply.
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⚡🇺🇸 Breaking: the US federal reserve raises interest rates to 4% from...
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