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President Donald Trump demanded an interest-rate cut after the Federal Reserve raised rates by a quarter percentage point, defying his repeated calls for lower borrowing costs.

Today's Must-Read 🦅 After the Fed's rate hike, Wachter continues to signal tightening 🗽 Foreign creditor nations reduce U.S. Treasury holdings to the lowest since October 🐉 Asian fund managers' outlook on China's economy worsens Get the free Chinese-language e-newsletter 'Bloomberg Morning Brew' and audio broadcast, focusing on the latest market movements in China and around the world, plus special weekend editions. A daily Chinese-language briefing and audio broadcast of what's moving markets in China and around the world. Plus, a weekend edition.

The Hong Kong Monetary Authority followed the US Federal Reserve in raising interest rates for the first time since 2023, a decision that could threaten a property recovery unfolding since last year.

'Debt King' Gorman says the Federal Reserve should raise rates by 50 basis points