The US #FederalReserve Reserve raises the base rate by 0.25%p... 3 consecutive 'baby steps'

The #U.S. Federal Reserve (Fed) announced in its #fomc statement that it would raise the benchmark interest rate by 25 basis points (= 0.25 percentage points). It is a baby step following the last one, and it is in line with market expectations. As a result, the US interest rate rose to the range of 5.00-5.25%.