17 Hrs
Source:
The Boston Globe
Warsh Expected to Favor Markets Over Trump
The Federal Reserve raised its benchmark interest rate for the first time since 2023, increasing it to about 3.9% amid persistent inflation concerns. The move aims to support a return to the Fed's 2% inflation goal, potentially leading to higher borrowing costs for consumers. The rate hike follows inflation remaining above target and reflects the central bank’s expectation of additional increases later this year.
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