Wu Blockchain reports that the Federal Reserve FOMC unanimously approved a 25 basis point rate hike (12-0), raising the federal funds rate target range to 3.75%–4.00%, while continuing to maintain a policy of ample reserves in the banking system. The FOMC stated that U.S. economic activity remains robust, domestic spending is resilient, productivity growth is strong, capital investment remains high, employment growth is largely in sync with labor force growth, and the unemployment rate has seen little change. Inflation remains elevated, and this rate hike aims to facilitate a more timely return to the 2% target. https://(wublock123.com)/news/fed-hikes-rate-25bps-to-3-75-4-00-inflation-still-high-68503