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The Latest: Federal Reserve defies Trump, hikes key interest rate for first time in 3 years

The Latest: Federal Reserve defies Trump, hikes key interest rate for first time in 3 years
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The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 to quell stubbornly high inflation, a move that could prompt a sharp response from the White House. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could raise borrowi...

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