🌐 World · English ▾
Current: 🌐 World · English
Global
Focused
Language
Wednesday 7 October
🌐 World · English ▾
Current: 🌐 World · English
Global
Focused
Language

US interest rates raised for first time in three years

Markets
The brief

Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut. The Federal Reserve raised rates by a quarter percentage point, to 3.75%-4%. Key points and original sources are listed below.

  • Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.S1
  • The Federal Reserve raised rates by a quarter percentage point, to 3.75%-4%.S2
  • President Donald Trump on Wednesday demanded the Federal Reserve slash interest rates to 1% “or less,” hours after the centralS3
  • The Federal Reserve hiked rates Wednesday for the first time in 3 years. President Trump said the FOMC should cut.S4
  • Trump calls for interest rates of 1% or lower, after Fed hikes to 3.75%-4.00%S5
  • President conflates central bank’s interest rate with what a consumer would pay based on a credit scoreS6
  • President Donald Trump demanded an interest-rate cut after the Federal Reserve raised rates by a quarter percentage point, defying his repeated calls for lower borrowing costs.S7
Timeline · newest first
2w BBC

US interest rates raised for first time in three years

Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.

2w Forbes

Trump Rants About Interest Rates After Fed’s First Hike In 3 Years

The Federal Reserve raised rates by a quarter percentage point, to 3.75%-4%.

2w Wol

Trump demands Fed lower interest rate to 1% or less after hike

President Donald Trump on Wednesday demanded the Federal Reserve slash interest rates to 1% “or less,” hours after the central

2w Businessinsider

Trump calls for slashing interest rates to '1% or less' after the Fed's first hike in 3 years

The Federal Reserve hiked rates Wednesday for the first time in 3 years. President Trump said the FOMC should cut.

2w Independent

President Trump-splains economy to Fed in rant after first interest rate hike in 3 years

President conflates central bank’s interest rate with what a consumer would pay based on a credit score

2w Bloomberg

Trump Says Rates Should Be ‘1% or Less’ After Fed Hike

President Donald Trump demanded an interest-rate cut after the Federal Reserve raised rates by a quarter percentage point, defying his repeated calls for lower borrowing costs.

US interest rates raised for first time in three years

7 outlets 7 reports
The brief

Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut. The Federal Reserve raised rates by a quarter percentage point, to 3.75%-4%. Key points and original sources are listed below.

  • Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.S1
  • The Federal Reserve raised rates by a quarter percentage point, to 3.75%-4%.S2
  • President Donald Trump on Wednesday demanded the Federal Reserve slash interest rates to 1% “or less,” hours after the centralS3
  • The Federal Reserve hiked rates Wednesday for the first time in 3 years. President Trump said the FOMC should cut.S4
  • Trump calls for interest rates of 1% or lower, after Fed hikes to 3.75%-4.00%S5
  • President conflates central bank’s interest rate with what a consumer would pay based on a credit scoreS6
  • President Donald Trump demanded an interest-rate cut after the Federal Reserve raised rates by a quarter percentage point, defying his repeated calls for lower borrowing costs.S7
Timeline · newest first

Sources · 7 citations

S1 BBC 1 report · EN
S2 Forbes 1 report · EN
S3 Wol 1 report · EN
S4 Businessinsider 1 report · EN
S5 Seekingalpha 1 report · EN
S6 Independent 1 report · EN
S7 BloombergLead 1 report · EN