Fed raises interest rates for first time since 2023, defying Trump as inflation mounts

Biztoc.com - September 16, 2026

Fed raises interest rates for first time since 2023, defying Trump as inflation mounts

The Federal Reserve on Wednesday raised its benchmark interest rates for the first time since 2023, in a move aimed at slowing inflation that picked up again last month. The Fed’s hike of 0.25% brings the central bank’s flagship rate to between 3.75% and 4.00…

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