The US Federal Reserve raises interest rates by another 75 basis points

new York The US Federal Reserve has raised the key interest rate extremely sharply for the fourth time in a row. It raised it again on Wednesday by three-quarters of a percentage point – to the new range of 3.75 to 4.00 percent, the Federal Reserve announced on Wednesday. This puts interest rates at their highest level since 2008.

However, monetary policymakers signaled more flexibility in their further course of action. The Fed emphasized that interest rates will continue to rise in order to “bring inflation back to the two percent target over time,” according to its statement. For the first time, however, the Fed explicitly acknowledged that it will take into account the “cumulative effects” of its monetary policy, as well as the “lag” with which interest rate policy is arriving in the US economy.