US Federal Reserve raises interest rates to 1%

In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 3/4 to 1 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.

https://www.federalreserve.gov/newsevents/press/monetary/20170315a.htm