Why Trump's hand-picked Fed chair defied him by raising interest rates
What this rests on
Summary in preparation.
Market reaction
We track BTC, but we only have 1 price point in that window. The series is stored every half hour, so newer events will have it. Computing it from two points would not be a reaction, it would be a coincidence.
How the story was built
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
BBC News — Business
scoop
our clock
Sep 22 20:35
BBC News — Business
scoop
our clock
Breaks the event
What Federal funds rate has done before
| When | What happened | Figure |
|---|---|---|
| 2 months ago | Federal funds rate: 3.75 (+0.12) rise | Sep 2026 |
| 3 months ago | Federal funds rate: 3.63 no change | Aug 2026 |
| 4 months ago | Federal funds rate: 3.63 no change | Jul 2026 |
| 5 months ago | Federal funds rate: 3.63 no change | Jun 2026 |
| 6 months ago | Federal funds rate: 3.63 (-0.01) fall | May 2026 |
FRED series, with the value of each release and its change.