The US Federal Reserve raised its target interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday and signaled more large increases to come in new projections showing its policy rate rising to 4.40% by the end of this year before topping out at 4.60% in 2023 to battle continued strong inflation.
source https://timesofindia.indiatimes.com/business/international-business/us-federal-reserve-delivers-big-rate-hike-sees-another-large-move-higher-this-year/articleshow/94359548.cms
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