US Fed hikes interest rates to curb inflation in move likely to rile Trump
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What happened
The US economy has been dealing with years of higher-than-target inflation, and prices have surged in the wake of Mr Trump's war on Iran, his signature tariff policies and the ongoing AI boom.
Summary assembled by rule from the sources below
Sources
News
- US Fed hikes interest rates to curb inflation in move likely to rile TrumpABC News (Australia)