US Federal Reserve raises interest rates for the first time since 2023

Trump urges lower rates after central bank agrees increase by quarter-percentage point to range of 3.

75% to 4% 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…