Even as President Donald Trump has called on the Federal Reserve to lower rates, Fed officials chose to increase its benchmark rate, hiking the cost of borrowing among banks, which will increase what millions of households and businesses pay to borrow, including credit cards and other loans.
Even as President Donald Trump has called on the Federal Reserve to lower rates, Fed officials chose to increase its benchmark rate, hiking the cost of borrowing among banks, which will increase what millions of households and businesses pay to borrow, including credit cards and other loans.
