Federal Reserve has announced its decision to raise interest rates by 0.25%, which signifies a tightening of monetary policy. This increase in interest rates reflects the Federal Reserve’s response to concerns about rising inflation and its efforts to maintain price stability in the economy. The decision was made following a review of economic conditions, including employment and inflation trends. The Federal Reserve’s actions aim to strike a balance between supporting economic growth and preventing excessive inflation. Additionally, the press release outlines the Federal Reserve’s commitment to closely monitoring economic developments and adjusting its policies as necessary to achieve its dual mandate of price stability and maximum employment.