"the Committee decided to raise the target range for the federal funds rate to 4-1/4 to 4-1/2 percent."
That looks like a 1/4 percent raise, but then the language is weird to me (_to_ 4-1/4 to 4-1/2 percent", wouldn't one say from 4-1/4 to 4-1/2 percent)
The previous statement[1] was .50% lower on both ends of the range:
> the Committee decided to raise the target range for the federal funds rate to 3-3/4 to 4 percent
[1] https://www.federalreserve.gov/newsevents/pressreleases/mone...
"the Committee decided to raise the target range for the federal funds rate to 4-1/4 to 4-1/2 percent."
That looks like a 1/4 percent raise, but then the language is weird to me (_to_ 4-1/4 to 4-1/2 percent", wouldn't one say from 4-1/4 to 4-1/2 percent)