US interest rates raised for first time in three years | HappeningNow.news

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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.

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The Federal Reserve voted unanimously on Wednesday to raise its benchmark interest rate range to 3.75%‑4%, up from the previous 3.5%‑3.75% range.

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