U.S Announces Smaller Rate Rise As Inflation Cools 
U.S Announces Smaller Rate Rise As Inflation Cools 

U.S Announces Smaller Rate Rise As Inflation Cools 

Prashant Trivedi

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The US central bank has raised interest rates again as it continues its fight to stabilize prices in the world's largest economy. <br />The Federal Reserve says it was raising its key rate by 0.25 percentage points. <br />That marks the smallest increase since last March, after a series of aggressive rate hikes last year. <br />Officials however warned that they did not think they were finished raising rates, despite signs that price increases in the US are slowing. <br />The bank's moves are closely watched around the world as the US drives a global shift after years of low-interest rates that followed the financial crisis.

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