WorldPingUS interest rates raised for first time in three years
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
Brief by WorldPing · Original reporting by BBC News
WorldPingThe US central bank raised its benchmark rate by .25 percent, with new Fed Chair Kevin Warsh defying President Donald Trump's desire for lower rates. Consumer banks and bond markets react.
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WorldPingRates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
Brief by WorldPing · Original reporting by BBC News
Chairperson Warsh said renewed U.S.-Iran combat, which has driven up gas prices, also convinced officials to support rate hikes; President Trump reacted angrily to the decision, renewing his call for the Fed to lower interest rates “AND FAST”…
Brief by WorldPing · Original reporting by The Hindu
WorldPingThe US Federal Reserve has raised its key interest rates for the first time in three years, as it seeks to bring down high inflation.
Brief by WorldPing · Original reporting by France 24
WorldPingThe Bank of England is expected to keep interest rates unchanged, despite rising inflation in the UK…
Brief by WorldPing · Original reporting by ABC News
President Donald Trump previously threatened to cut off trade with countries that have trade surpluses with the U.S. if the Fed doesn't cut interest rates.
Brief by WorldPing · Original reporting by CNBC World
WorldPingBitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede further losses.
Brief by WorldPing · Original reporting by CoinDesk