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US Fed lifts rates by 75 bps, signals smaller increases

The US Federal Reserve raised interest rates as expected by 75 basis points as it tackles inflation running at almost a 40-year high.

US Fed lifts rates by 75 bps, signals smaller increases US Fed lifts rates by 75 bps, signals smaller increases US Fed lifts rates by 75 bps, signals smaller increases US Fed lifts rates by 75 bps, signals smaller increases US Fed lifts rates by 75 bps, signals smaller increases

US Federal Reserve lifts rates

But the central bank also signaled that future increases in rates would be made in smaller steps to account for "cumulative tightening of monetary policy".

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