Investor sentiment was also boosted by hopes that oil supplies from Saudi Arabia will increase, as the country began restoring part of the pipeline capacity after supplies were cut off last weekend due to drone attacks.
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By unanimous decision, the FED on Wednesday raised borrowing costs for the first time since 2023, despite President Donald Trump’s demand to lower them, and K. Warsh emphasized the need to fight inflation, which has been “too high” for “too long.”
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