WorldPingTrump Flips Out on Truth Social as Fed Hikes Interest Rates
Trump says the U.S. should stop trading with most other countries in the world.
Brief by WorldPing · Original reporting by Gizmodo
President Donald Trump previously threatened to cut off trade with countries that have trade surpluses with the U.S. if the Fed doesn't cut interest rates.
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10-year Treasury yield climbs back to 5% after Fed hikes rates, Warsh highlights inflation risks
Federal Reserve hikes key rate to tackle ‘too high’ inflation, defying Trump demands for cut
Trump says he still has confidence in Fed Chair Warsh, demands 1% or lower interest rates
The original report was published by CNBC World. WorldPing does not claim that reporting — this page summarises and contextualises it.
Read the full report at CNBC WorldLiving hubs that keep updating as this story develops.
WorldPingTrump says the U.S. should stop trading with most other countries in the world.
Brief by WorldPing · Original reporting by Gizmodo
WorldPingRates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
Brief by WorldPing · Original reporting by BBC News
Chairperson Warsh said renewed U.S.-Iran combat, which has driven up gas prices, also convinced officials to support rate hikes; President Trump reacted angrily to the decision, renewing his call for the Fed to lower interest rates “AND FAST”…
Brief by WorldPing · Original reporting by The Hindu
WorldPingThe US Federal Reserve has raised its key interest rates for the first time in three years, as it seeks to bring down high inflation.
Brief by WorldPing · Original reporting by France 24
The 10-year yield moved above the 5% mark after a Federal Reserve rate increase and comments from Chairman Kevin Warsh highlighting persistent inflation risks.
Brief by WorldPing · Original reporting by CNBC World
The 25 basis-point hike is the first raise in three years and comes before critical midterm elections in the US.
Brief by WorldPing · Original reporting by Al Jazeera