Fed hikes interest rates, Trump fires back
Digest more
The Fed's quarter-point rate hike will impact a range of consumer borrowing and savings costs, including mortgages, credit cards, car loans and deposit rates.
Kevin M. Warsh, the chairman of the Federal Reserve, on Wednesday left open-ended how much more interest rates may have to rise to tame inflation.
The Fed just made its first interest-rate hike in three years, and the finances of many Americans are far from where they were the last time rates went up. That means they’ll have to come up with a different game plan to make the best of increasing rates this time,
For the first time in more than three years, the Federal Reserve increased interest rates, a move likely to make borrowing more expensive for consumers and businesses. The decision came despite
Gold prices recovered some of their losses on Thursday after the Federal Reserve raised interest rates for the first time in three years and signalled that further tightening could follow before the end of 2026.