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Fed defies Trump with first rate rise since 2023
President calls for 1% borrowing costs after US central bank signals willingness for further action to cool inflation
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As Fed rolls out its first interest-rate hike in 3 years, market braces for more increases
The Fed’s policy-making committee was unanimous in its decision to hike, but forward guidance was split.
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Fed meeting recap: Warsh says inflation is still too high as Fed hikes for the first time since 2023
The Federal Reserve raised its benchmark interest rate by a quarter percentage point.
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