Markets around the world welcomed the increase in the interest rate by the Federal Reserve Bank of America.
The US market's Dow Jones took a break on the last 5 days' decline and it is now trading at around 30,530.
After the increase in the interest rate by the Federal Reserve Bank, the effect of bullishness was seen in the market around the world including America.
European markets, including the Nasdaq and the S&P 500 also saw a jump after the Fed raised interest rates.
Taking a big decision against tackling rising inflation, the Fed Reserve announced an aggressive rate hike.
The interest rate was increased by 0.75 percent by the Federal. With this, interest rates in America have increased to 1.75 percent.
The US central bank has made such a big increase in one go for the first time since 1994 to control inflation.
Let us tell you that in the current month of May, America's inflation rate was recorded at the top level of 40 years.
Let us tell you that in the current month of May, America's inflation rate was recorded at the top level of 40 years.