Dan Ives Says Kevin Warsh-Led Fed 'Had No Choice' But to Raise Rates, Calls the Hike a 'Gut Punch' As Trump Renews Calls for 1% Rates
Dan Ives said the Fed had no real alternative but to raise rates, even as Trump renewed his demand for rates at 1% or lower.
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Why It Matters
The Federal Reserve raised interest rates because it felt it had to do so. When rates go up, it costs more to borrow money for cars, homes, and school.
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