(ANSA) - NEW YORK, JUN 15 - The Fed raises interest rates by 0.75% for the first time since 1994 in an attempt to stop inflation, which has soared to its highest levels in 40 years.
The cost of money thus rises in a fork between 1.50 and 1.75%.
In the final statement released at the end of the two-day meeting, the US central bank says it is "strongly committed" to bringing inflation down to 2%.
According to the latest estimates by the Fed itself, inflation is expected to reach 5.2% in 2022 and 2.6% in 2023. (ANSA).