Decision Day Guide: Fed seen hiking interest rates in defiance of Trump

The Federal Reserve is expected to raise interest rates for the first time since 2023. This decision is a response to ongoing inflation and recent economic data that has shown higher-than-expected growth. The move is likely to strain the relationship between Fed Chairman Kevin Warsh and President Donald Trump, who has expressed opposition to interest rate hikes.

Why it matters

The Federal Reserve is expected to raise interest rates to combat inflation. That could lead to higher bond yields and a stronger US dollar.

Market impact

Markets & countries in focus

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Likely winners & losers

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