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US Fed hikes interest rates to curb inflation in move likely to rile Trump

ABC News

PoliticsABC News·Sep 16, 2026·1 min read

US Fed hikes interest rates to curb inflation in move likely to rile Trump

The US economy has been dealing with years of higher-than-target inflation, and prices have surged in the wake of Mr Trump's war on Iran, his signature tariff policies and the ongoing AI boom.

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