The Federal Reserve raised its target interest
rate by another quarter of a percentage point
so far raised rates 11 times since March of
last year as it's worked to lower inflation.
The fed chair Jerome Powell said the efforts are ongoing.
Inflation remains well above our longer run goal of 2%
inflation has moderated somewhat since the middle of last year.
Nonetheless, the process of getting inflation back down to 2% has a long way to go.
Powell added that the board would not be
comfortable lowering rates until at least next year.