The Federal Reserve raised interest rates by another 0.75-percent point to combat inflation, Chairman Jerome Powell said on Wednesday. Powell hinted at a possible slowdown in the pace of increases.

The Federal Reserve is expected to raise the benchmark interest rate by 0.75%, repeating the same hike it imposed at each of the last three meetings, according to a Bloomberg survey of economists.

The move by the central bank's rate-setting committee, announced Wednesday after a two-day meeting, marks the sixth rate hike this year and the fourth consecutive 0.75 percentage point jump since ...

The Bank of Japan will hike interest rates only once more this year, most likely during the third quarter to 0.75%, according to a majority of economists in a Reuters poll published on Thursday.