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
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 Grouped from 4 articles across 3 sources.
FilterFinancial Times
Clustered coverageCNBC, Euronews, Financial Times
Coverage timeline4
Coverage timeline
Coverage timeline
Ranked reports inside the event cluster. Open any publisher link to read the original coverage.
Fed raises rates for the first time since 2023 in unanimous vote defying Trump
The Federal Reserve has raised its benchmark interest rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023, in a unanimous 12-0 vote that puts Chair Kevin Warsh directly at odds with the US president who appointed him.
Fed should defy Trump with rate rise, top economists say
The vast bulk of respondents in FT-Booth poll say the central bank should lift borrowing costs in a bid to tame inflation
Analysis: How Trump could reignite the Fed independence fight after Warsh's rate hike
The Federal Reserve unanimously raised interest rates by a quarter point despite repeated calls from President Donald Trump for lower rates.
Related events
Related events
Nearby clusters pulled from title, summary, and keyword similarity in PostgreSQL.
1 report1 sourceSimilarity 0.40
Trump says he still has confidence in Fed Chair Warsh, demands 1% or lower interest rates
President Donald Trump previously threatened to cut off trade with countries that have trade surpluses with the U.S. if the Fed doesn't cut interest rates.
CNBC
6 reports4 sourcesSimilarity 0.40
U.S. Fed hikes rates in push for 'timelier' drop in inflation
U.S. Federal Reserve Chair Kevin Warsh says the central bank raised interest rates by a quarter of a percentage point to address inflation, which remains above its 2 per cent target, and flagged further increases in… Grouped from 6 articles across 4 sources.
ABC Australia, CNBC, The Globe and Mail +1
9 reports8 sourcesSimilarity 0.40
What to know about US Federal Reserve’s first interest rate hike in 3 years
The unanimous decision comes as prices have remained stubbornly high and despite Trump's demands for lower rates. Grouped from 9 articles across 8 sources.
ABC Australia, ABC News, Al Jazeera +5
3 reports3 sourcesSimilarity 0.39
Why Trump is all-in on AI despite the warnings
The US president has pushed the issue to the forefront of American politics - even at the risk of losing supporters. Grouped from 3 articles across 3 sources.
BBC News, Euronews, Financial Times
7 reports1 sourceSimilarity 0.35
Gold price fall nearly 2% as oil surge and near-5% Treasury yields bolster Fed rate-hike expectations - Kitco AM Report teaser image
Gold price fall nearly 2% as oil surge and near-5% Treasury yields bolster Fed rate-hike expectations - Kitco AM Report teaser image Grouped from 7 articles across 1 sources.
Kitco
1 report1 sourceSimilarity 0.34
Fed delivers its first hike in 3 years. Plus, what's moving Starbucks and GE Vernova
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
CNBC