US interest rates raised for first time in three years

This is basically self inflicted, as usual messing up in the Middle East always ends up with consumer paying the price for their ruler's stupidity

"Oh no, my drinking water tastes like crap after I pooped in the well"

The government has fully lost control of the long-term Treasury yield - this is their attempt to bring it back under control.

I expect to see the president fire the Fed, nationalise it and make the rates negative, collapsing the economy.

This administration wants lower rates. Also this administration started another endless war in the Middle East that causes inflation to go up.

This administration wants lower rates. Also this administration does everything it can to increase inflation such as tariffs and starting another endless war in the middle east.