Fed Raises Interest Rates by 0.75 Percentage Point.

Officials project short-term rates will rise above 4.25% by year’s end, signaling further large increases at future meetings.

The Federal Reserve approved its third consecutive interest-rate rise of 0.75 percentage points. It signaled significant additional increases were likely at future meetings as it combats inflation that remains near a 40-year high.

The decision Wednesday, unanimously supported by the Fed’s 12-member rate-setting committee—will lift its benchmark federal-funds rate to a range between 3% and 3.25%, a level last seen in early 2008.

Federal Reserve stated robust job growth, historical unemployment levels, supply-demand imbalances, and global economic strains due to the border war between Russia and Ukraine are some of the factors for the persistent inflation.

108 thoughts on “Fed Raises Interest Rates by 0.75 Percentage Point.”

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