Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut
The Federal Reserve raised its benchmark interest rate by a quarter-point to approximately 3.9%, marking the first increase since 2023. This move aims to combat inflation despite calls for rate cuts. The central bank indicated that another hike may occur later this year.
WASHINGTON (AP) — The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result [...]
READ NEXT
More on the wire
FROM THE PUBLISHER
The Chesterfield-based venture capital firm filed for Chapter 11 bankruptcy in St. Louis on Thursday.
FROM THE PUBLISHER
St. Louis Mayor Cara Spencer has officially signed a bill to impose new regulations on data centers in the city.
FROM THE PUBLISHER
ST. LOUIS - The St. Louis Blues are set to begin training camp Thursday ahead of the start of the 2026-27 NHL regular season. The first practice is scheduled for 10 a.m. Thursday at Centene Community Ice Center. The Blues enter the season with significant changes, including Alexander Steen taking over as the team's general [...]