Trump's Policies Fuel US Interest Rate Hikes

The US Federal Reserve has increased interest rates by 0.25%, marking further hikes in an effort to combat inflation and maintain economic stability.

This move is closely tied to the policies of former President Trump, who has been advocating for lower interest rates despite his own policies contributing to the need for rate increases.

The Effective Federal Funds Rate (EFFR) represents the interest rates that US banks pay on their debts to the Fed, and its setting has a ripple effect throughout the entire financial system.