Economy
US Federal Reserve Raises Interest Rates, Angering President Trump
The US Federal Reserve raised interest rates from 3.5-3.75% to 3.75-4%, marking its first hike in three years to combat inflation. This decision frustrated President Trump, who had hoped new Chair Kevin Warsh would lower rates. The move aims to maintain credibility amid persistent inflation driven by energy costs and geopolitical tensions.
Ozetta summarises; the reporting is the newsroom's