The Fed raises interest rates by 75 basis points and declares that there are "far to go" while expressing hope for a slowdown

The Federal Reserve raised interest rates by 75 basis points on Wednesday, as predicted, for the fourth time in a row, while also avoiding any explicit signal of an end to its relentless tightening.

The central bank did, however, change its phrasing to give Wall Street and economists hope, despite the fact that there was no clear mention to a potential slowdown in interest rate hikes in its statement.

"The committee an....