US Federal Reserve Raises Rates to 22-Year High - Brings the federal-funds rate to a range 5.25 - 5.5 percent

UNITED STATES — Federal Reserve Raises Rates to 22-Year High.. The quarter-percentage-point rise brings the federal-funds rate to a range between 5.25% and 5.5%. During a press conference, Fed Chair Jerome Powell said he sees a path to a soft landing for the economy and rate cuts this year are unlikely.. wsj.com