FED increased interest rate by 75 bps in USA on Jul-27-2022 keeping the benchmark rate between 2.25% and 2.5%

FED increased interest rate by 75 bps in USA keeping the benchmark rate between 2.25% and 2.5%.

To control inflation rate, FED increased 75 bps during previous meeting and also during current meeting.

In the past 3 months, FED increased interest rate by 150 bps.

Even FED is planning to reduce balance sheet aggressively.