Fed defies Trump, raises US interest rates for first time in three years
The move was widely expected amid persistently high inflation driven by the Iran war and rising oil prices – but the decision risks enraging the US president, who has demanded rates be lowered.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.smh.com.au — the content belongs to Sydney Morning Herald - World.
