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 3 articles across 2 sources.
FilterFinancial Times
Clustered coverageEuronews, Financial Times
Coverage timeline3
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 raises rates for first time since 2023 in unanimous decision
Central bank chair Kevin Warsh defies calls from Donald Trump to lower borrowing costs
Related events
Related events
Nearby clusters pulled from title, summary, and keyword similarity in PostgreSQL.
5 reports4 sourcesSimilarity 0.54
US interest rates raised for first time in three years
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut. Grouped from 5 articles across 4 sources.
Al Jazeera, BBC News, DW +1
1 report1 sourceSimilarity 0.41
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.
CNBC
1 report1 sourceSimilarity 0.39
Trump fails to bend the Fed to his will
Kevin Warsh leads the US central bank to its first rate rise since 2023 less than four months into the job
Financial Times
2 reports2 sourcesSimilarity 0.39
Live: RBA more likely to raise rates as US Federal Reserve lifts to 4pc
Markets are pricing in a nearly 90 per cent chance of Australia's reserve bank lifting interest rates in September following the US Federal Reserve's decision to hike rates. Grouped from 2 articles across 2 sources.
ABC Australia, ABC News
1 report1 sourceSimilarity 0.38
Trump threatens to end trade with Mexico and Europe after rate hike
US President Donald Trump had tried to pressure the Fed to lower rates, but it voted unanimously to raise them instead.
Al Jazeera
1 report1 sourceSimilarity 0.38
Trump says he told Warsh to vote for hike with the rest of Fed board: 'It's not going to matter'
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