EconomyWhat to know about the US Federal Reserve’s first rate hike in three years
The US Federal Reserve unanimously raised its benchmark rate by a quarter point to 3.75–4 percent, its first increase in more than three years. Chair Kevin Warsh said inflation remained too high for too long. The move could raise borrowing costs for consumers and clashes with Donald Trump’s repeated demands for lower rates.
AAl Jazeera★★★★☆2026-09-16 23:03Original
What to know about the US Federal Reserve’s first rate hike in three years
Economy