Fed hikes rates 25bp for first time since 2023 in unanimous vote; White House's Desai calls it 'rather unfortunate'

The Federal Reserve raised rates by 25 basis points in a unanimous vote, its first hike since 2023, defying President Trump. White House official Kush Desai called the hike "rather unfortunate" on Fox News, while traders priced a 50% chance of another 25bp hike in October.

Detected & updated continuously · Source: Nebula