US Fed delivers big rate hike, sees another large move this year

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.

from Times of India https://timesofindia.indiatimes.com/business/international-business/us-federal-reserve-delivers-big-rate-hike-sees-another-large-move-higher-this-year/articleshow/94359548.cms