US hikes interest rates - to Trump's annoyance

The US central bank has raised interest rates for the first time in more than three years, to try to curb inflation. The Federal Reserve lifted its benchmark rate by a quarter of a percentage point and suggested it could do so again before the end of the year. In a social media post, President Trump demanded "lower interest rates... and fast."

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Photo: Federal Reserve Chairman Warsh speaks after interest rate hike, Washington, USA - 16 Sep 2026
Credit: EPA/Shutterstock