US Fed Meeting Live Updates: Fed raises rates again by 75 bps, but hints at entering end phase; stocks climb ;-mint

 

The US Federal Reserve delivered their fourth straight 75 basis-point interest rate increase while also signalling their aggressive campaign to curtail inflation could be approaching its final phase. The unanimous decision lifts the target for the benchmark federal funds rate to a range of 3.75% to 4%, its highest level since 2008.