(RTTNews) - The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by another 75 basis points. The Fed also said that ongoing increases in rates will be "appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time." "In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook," the Fed reiterated.