Fed meeting live updates: Rate hike expected for the first time in three years - CNBC — SkimNews
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- Federal Reserve expected to raise interest rates for the first time in three years, per CNBC's live coverage of the meeting
- Warsh likely to side with financial markets over Trump's demands, pushing back against presidential pressure to hold rates, per AP News
Why it matters: After a three-year pause, a rate hike would directly increase borrowing costs for consumers and businesses, while Warsh's alignment with markets over Trump underscores the Fed's resistance to political pressure on monetary policy.
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