President Trump Wanted A Rate Cut — The Fed Gave Him A Rate Hike
The Federal Reserve unanimously raised its benchmark interest rate by a quarter percentage point Wednesday, rebuffing President Donald Trump’s calls for lower borrowing costs. The Federal Open Market Committee lifted the target range for th
Republican Ledger staff · 9:39 AM ET
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The Federal Reserve unanimously raised its benchmark interest rate by a quarter percentage point Wednesday, rebuffing President Donald Trump’s calls for lower borrowing costs. The Federal Open Market Committee lifted the target range for the federal funds rate from 3.5%-3.75% to 3.75%-4.0%.
It was the central bank’s first rate increase in more than three years, ...
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