US Federal Reserve hikes interest rates for the first time in three years
- Federal Reserve: 17 events in the last 90 days
- Previous: earlier the same day · What to know about US Federal Reserve’s first interest rate hike in 3 years
What happened
The US central bank raised its benchmark rate by .25 percent, with new Fed Chair Kevin Warsh defying President Donald Trump's desire for lower rates. Consumer banks and bond markets react. Also, OpenAI reveals new incidents of AI misconduct as fears grow that the technology could escape human control.
Summary assembled by rule from the sources below