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    US Federal Reserve raises interest rates for first time in 3 years, risking Trump’s ire

    SCMP World
    September 16, 2026
    via SCMP World

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    US Federal Reserve raises interest rates for first time in 3 years, risking Trump’s ire

    The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, its first hike in three years as the central bank battles high inflation with a move sure to anger US President Donald Trump. The Fed’s Federal Open Market Committee voted unanimously to raise rates to between

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