🇺🇸 BREAKING: The Federal Reserve has raised interest rates by 25 basis points.

🇺🇸 FED CHAIR WARSH: “I’m not going to prejudge any future decisions.”

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🇺🇸 FED CHAIR WARSH: Today’s decision was the right move to ensure stable prices, supported by the underlying strength of the US economy.

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🇺🇸 WARSH: “The economy has indeed strengthened. Underlying growth is higher. Inflation is the problem.”

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🇺🇸 SEPTEMBER FOMC SUMMARY:

• The economy has strengthened, supported by resilient spending, robust investment and a labor market near full employment

• Warsh said he is “hard-pressed” to describe financial conditions as restrictive, a view widely shared by the FOMC

• The Fed raised rates to remove “a dose of accommodation” and align financial conditions with its objectives

• Inflation remains “too high,” with summer data showing little meaningful improvement

• With the labor market stable, price stability is now the Fed’s predominant focus

• Warsh declined to signal another hike, saying he is “not in the forward-guidance business”

• He said policy will respond to broader trends, calling dependence on individual data releases “dangerous”

• Stronger growth, persistent inflation and geopolitical risks drove the unanimous decision

• Warsh rejected claims that markets led the hike, stressing it was the Fed’s independent decision

• He said the Fed does not need to weaken the labor market to bring inflation down

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🇺🇸 TRUMP: US interest rates should be 1% or lower, arguing America has the world’s best credit and is “carrying” other countries.

“LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!”

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🚨 JUST IN: US mortgage purchase applications have collapsed to levels last seen in 1995.

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🇺🇸 TRUMP: “I want the Fed to be independent, but my opinion, I'm very good at this stuff, is interest rates are too high."

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🔥 INSIGHT: Fewer Bitcoin holders are underwater, making a return to a bear market increasingly unlikely, per CryptoQuant.

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🇪🇺 JUST IN: Eurozone inflation rose to 3.2% in August from 2.9% in July.

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