BREAKING: The Federal Reserve raised interest rates by a quarter point, marking its first hike in more than three years and the first under Chair Kevin Warsh. Inflation remains above the Fed’s 2% target as the conflict in Iran adds pressure on prices. Warsh previewed the move last month, saying controlling inflation should be the Fed’s “predominant focus.” The hike could draw criticism from President Trump, who has repeatedly pushed for lower borrowing costs.
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BREAKING: The Federal Reserve raised interest rates by a quarter point, marking its first hike in more than three years and the first under Chair Kevin Warsh. Inflation remains above the Fed’s 2% target as the conflict in Iran adds pressure on prices. Warsh pr
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