US Federal Reserve votes to hike rates for the first time since 2023

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Guardian Business

US Federal Reserve votes to hike rates for the first time since 2023

Move comes after Trump nominated Kevin Warsh as Fed chair and said US should have lowest rates in the world The US Federal Reserve voted to raise interest rates on Wednesday for the first time since 2023 as the central bank continues to fight to tamp down inflation. The Fed’s open market committee voted unanimously to raise its benchmark interest rate by a quarter-percentage point to a range of 3.75% to 4%. This is t…