The Federal Reserve reported Wednesday it had raised its key loan cost by 0.25% to as much as 5.5%, the most significant level in 22 years, as it keeps on battling tireless expansion in the U.S. economy.

However shopper costs have declined for 12 straight months, in June, buyer costs expanded 3% year on year. Despite the fact that that is the most reduced the yearly expansion rate has been in over two years, it’s still excessively high for the Fed, which is hoping to tackle builds down to around 2%.

By raising its financing costs, the Fed desires to make acquiring and contributing costlier, consequently lessening generally interest for products, administrations and work in the economy.