The key phrase here is "target range"---it's not an exact number, but a range. The previous statement[1] was .50% lower on both ends of the range: > the Commi

The key phrase here is "target range"---it's not an exact number, but a range. 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/monetary20221102a.htm https://www.federalreserve.gov/newsevents/pressreleases/mone...