The Federal Reserve Raises Rates Once Again

The Federal Reserve hinted that another hike is at least on the table, but it is not set in stone when it will occur.

As expected, the Federal Reserve once again raised rates.

Despite the recent decline in inflation, the Fed raised its key interest rate by a quarter point on Wednesday.

The move increased the federal funds rate to a range of 5.25-5.5%, which marks the highest level in 22 years.

The agency explained its 11th rate hike since last year, aims to lower inflation to their target of 2%.

The Federal Reserve hinted that another hike is at least on the table, but it is not set in stone when it will occur.