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Euronews
Euronews
Quirino Mealha

Fed raises rates for the first time since 2023 in unanimous vote defying Trump

US Federal Reserve Kevin Warsh United States Donald Trump the Federal Reserve Committee Inflation White House

Kevin Warsh has broken away from US President Donald Trump in his first Fed move, and he has done it with the entire committee behind him.

The Federal Open Market Committee lifted rates on Wednesday after holding them at 3.5% to 3.75% since December, ending a pause that had grown harder to justify as energy costs pushed prices higher.

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