RBA under pressure as Trump lifts interest rates across US | 9 News Australia

1 day ago The News Room

US President Donald Trump has lashed out after the Federal Reserve raised its benchmark interest rate for the first time since 2023, in an effort to quell stubbornly high inflation.

The increase lifts the Fed’s key rate to about 3.9 per cent and, over time, could result in higher borrowing costs for mortgages, car loans and credit cards in the US and have wider effects globally, including in Australia. | Subscribe and 🔔: http://9Soci.al/KM6e50GjSK9 | Get more breaking news at nine.com.au

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