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Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut

Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
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By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House. The quarter-point increase lifts the...

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