US hikes interest rates - to Trump's annoyance

The US central bank has raised interest rates for the first time in more than three years, to try to curb inflation. The Federal Reserve lifted its benchmark rate by a quarter of a percentage point and suggested it could do so again before the end of the year. In a social media post, President Trump demanded "lower interest rates... and fast." Also: Nepal has sharply revised upwards the number of people missing after last month's flash flood to 6,150. Hundreds more are missing across the border...

This story was originally reported by BBC Global News Podcast. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.