The US Federal Reserve raised its benchmark lending rate on Wednesday to its highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead.
This article was published by Insider Paper.
The quarter percentage-point rise lifts the Fed’s key lending rate to a range between 5.25 percent and 5.5 percent, the US central bank said in a statement, adding that it will “continue to assess additional information and its implications for monetary policy.”
