Interest rate hikes impact stocks and gold while Trump calls for an urgent cut

The increase in interest rates by the Federal Reserve for the first time in over three years led to a decline in U.S. stocks and a drop in gold prices of more than 1%. The Fed announced a quarter-point hike in the interest rate aimed at combating high inflation, despite criticism from President Trump, who called for a rapid reduction to 1% or lower. The U.S. central bank clarified that this hike is part of efforts to achieve price stability, occurring amid persistent inflation driven by rising oil prices. The decision also negatively affected financial markets, with expectations of increased borrowing costs in the coming months.

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