Today: Fed raises interest rates / Is Nvidia "too big to fail"?
The US Federal Reserve members vote unanimously against Trump's demands for an interest rate cut. Further steps may follow. And: Why Nvidia is becoming a risk to the global financial system.
The US Federal Reserve has raised its key interest rate for the first time in about three years, to a range of 3.75 to 4.0 percent. The move was expected due to inflation and strong US job market data. US President Donald Trump accused the Fed of raising the rate for political reasons, despite having nominated Fed Chairman Kevin Warsh for the position. Nvidia has become the world's most valuable listed company with a market capitalization of over $5 trillion.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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