U.S. Fed expected to hike interest rates despite pressure from Trump

Economists expect the U.S. Federal Reserve and Chair Kevin Warsh to side with market expectations and raise interest rates on Wednesday. This anticipated move comes despite ongoing pressure from Donald Trump.

The upcoming meeting marks a potential milestone, as it could result in the first interest rate hike by the central bank since 2023. Analysts suggest that beyond the expected rate decision itself, the public statements made by Warsh during the proceedings will be of critical importance.