Fed Hikes Interest Rates Amid Pressure from Trump
The Federal Reserve raised interest rates by 0.25 percent on Wednesday, marking its first hike in over three years.
The rate increase brings the range to 3.75-4 percent, with a notable figure of 4 percent being touched for the first time in nearly a year.
This move has drawn criticism from President Trump, who has been pressing for rate cuts amid growing pressure on the economy.