The Federal Reserve raised interest rates by 75 basis points, bringing the benchmark rate to a range of 3.00%-3.25%, the highest level since 2008

Chain Catcher News, the Federal Reserve's Federal Open Market Committee (FOMC) announced after the meeting that it has raised the target range for the federal funds rate from 2.25% to 2.50% to 3.00% to 3.25%, marking the highest level of interest rates since 2008.

As of now, the Federal Reserve has raised rates five times since January this year, and since June, it has decided to increase rates by 75 basis points in each of the last three meetings. ([Jin Shi](The Federal Reserve raises rates by 75 basis points, bringing the benchmark rate to the 3.00%-3.25% range, the highest level since 2008. (Jin Shi Data APP)))