The US Federal Reserve on Wednesday raised interest rates in the world's largest economy by 25 basis points to tackle stubbornly high inflation, a move sure to anger President Donald Trump, who has demanded lower rates.
The Fed's Federal Open Market Committee voted unanimously to raise rates to between 3.75 and 4.00%, citing "elevated" inflation and adding that the rate hike would support a "timelier return" to its 2% target for the metric.
