The Federal Reserve raised rates. Chair Powell says it's 'premature' to declare victory against inflation
The Federal Reserve raised rates by 25 basis points, or 0.25 percentage point, as was widely expected. 
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: The Federal Reserve raised rates. Chair Powell says it's 'premature' to declare victory against inflation

### Response: The Federal Reserve raised rates by 25 basis points, or 0.25 percentage point, as was widely expected. 