The Fed unanimously agrees to hike interest rates for the first time since 2023, despite Trump’s call for the ‘lowest rates’ in the world
- The Fed: 10 events in the last 90 days
- Previous: earlier the same day · Fed raises rates for the first time since 2023 in unanimous vote defying Trump
What happened
Inflation has been above 2% for five years. The Fed just decided that was long enough.
Summary assembled by rule from the sources below