The Latest: Federal Reserve defies Trump, hikes key interest rate for first time in 3 yearsThe Federal Reserve has raised its benchmark interest rate for the first time since 2023 to address high inflation. This quarter-point increase brings the rate to about 3.9% and could lead to higher borrowing costs for mortgages, auto loans, and credit cards. The move comes just seven weeks before the midterm elections, where affordability is a key…The Atlanta Journal-Constitution19d agoWhole story →CultureEconomyfederal reserve rate hike
