dan osmond was expected, but no less shocking. at today's meeting, the committee raised the target range for the federal funds rate by 3 quarters of a percentage point resulting in a one and a half percentage point increasing the target range so far this year. the only potential ray of light and unemployment rate near a 50 year low with job vacancies at historical highs and wage growth elevated. but this is offset by soaring inflation, which the rates type is intended to curb. prices across the board increased by nearly 9 percent last month alone, as inflation reached the level not seen in decades. the interest type will increase the price of mortgages and insurance among other things. but the fed hopes that will also dampen consumer spending, which in turn should reduce inflation. my colleagues and i are acutely aware that high inflation imposes significant hardship, especially on those least able to meet the higher costs of essentially, like food, housing and transportation. we are highly attentive to the risks high inflation po

dan osmond was expected, but no less shocking. at today's meeting, the committee raised the target range for the federal funds rate by 3 quarters of a percentage point resulting in a one and a half percentage point increasing the target range so far this year. the only potential rail flight and unemployment rate near a 50 year low with job vacancies at historical highs and wage growth elevated. but this is offset by soaring inflation, which the rates type is intended to curb. prices across the board increased by nearly 9 percent last month alone, as inflation reached the level not seen in decades. the interest type will increase the price of mortgages and insurance among other things. but the fed hopes that are also damping consumer spending, which in turn should reduce inflation. my colleagues and i are acutely aware that high inflation imposes significant hardship, especially on those least able to meet the higher costs of essentially, like food, housing and transportation. we are highly attentive to the risks, high inflation po