Federal Reserve raises US interest rates again amid trade relations fears

Fed describes jobs market as ‘strong’ but chair Jay Powell acknowledges mounting concern among US executives over trade

The Federal Reserve raised US interest rates again on Wednesday, the seventh increase since 2015 when the central bank resumed raising rates after the last recession.

The Fed move came after a two-day meeting where its members discussed the robust state of the US economy and the potential impact of a trade war amid rising tension between the US and its largest trading partners.

Related: Fed proposes changes to rule limiting risky trading on Wall Street

Related: Four in 10 Americans can’t cover a $400 emergency expense, Fed finds

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Read the original at Economics | The Guardian.