Traders watch news reports about the US Federal Reserve's decision to raise interest rates, from on the floor of the New York Stock Exchange on Wednesday. Photo: EPA

US Fed raises rates by 25 basis points, defying Donald Trump and a sagging stock market

  • Raising rates to a range of 2.25 per cent to 2.5 per cent, the Fed nevertheless signalled fewer increases in 2019
  • Fed Chairman Jerome Powell had faced intense pressure from US President Donald Trump not to raise rates
Topic |   US Federal Reserve
Traders watch news reports about the US Federal Reserve's decision to raise interest rates, from on the floor of the New York Stock Exchange on Wednesday. Photo: EPA
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