Federal Reserve is expected to raise its benchmark rate, defying President Trump's demands
The 12-0 vote would lift borrowing costs by a quarter point and signal more pressure on mortgage and loan rates.
- The Federal Reserve is widely expected to raise its benchmark interest rate by a quarter point, marking its first increase since 2023 amid persistent inflation and rising energy prices despite opposition from President Trump who favors lower borrowing costs.
- JPMorgan outlines multiple scenarios for the Fed's rate decision, predicting variable stock market reactions depending on the Fed's communication and actions during its policy announcement.
- Rising inflation fueled by higher energy prices amid geopolitical tensions has pushed borrowing costs higher and complicated efforts to cool the economy without triggering a downturn or labor market damage.
- The Federal Reserve's actions come amid uncertainty about future moves, economic resilience shown by job growth, and concerns over the impact on consumer debt and spending.
512 Articles
512 Articles
Trump rips 'hostile' Fed board after interest rate hike but defends Warsh
President Donald Trump tore into the “hostile” Federal Reserve after the board voted on Wednesday to raise interest rates but held back criticism of Chairman Kevin Warsh, whom he tapped to lead the central bank earlier this year. Speaking with reporters in North Carolina, Trump was asked about the interest rate decision. The president said Warsh’s […]
During Impromptu Presser President Trump Notes a Political Fed Board and Sends a Warning to Europe/Canada
During an impromptu press availability before boarding Airforce One, President Trump paused to talk to the assembled press pool. President Trump notes during a discussion with Federal Reserve Chairman Kevin Warsh he told him to just go along with the board decision to raise interest rates again. The board is highly political and operating against […]
US Fed raises rates to tackle 'too high' inflation, irking Trump
The Fed's Federal Open Market Committee voted unanimously to raise rates by 25 basis points to between 3.75 and 4.00 percent. "The plain fact is that inflation is too high, and has been for too long," Warsh told a press conference, adding that the decision was a "serious" but necessary one. And Wednesday's rate hike may not be the last -- the vast majority of Fed policymakers indicated that at least one more rate hike was likely necessary before…
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