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The successive rise in interest rates by the US means that the US inflation situation is that serious.
The decision to raise interest rates inverted interest rates in Korea and the US once again.
Correspondent Kim Jong-won from New York.
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US Federal Reserve took another so-called 'giant step' by raising interest rates by 0.75 percentage points.
As a result, the US benchmark interest rate rose from 3% to 3.25%.
This is very unusual, and the interest rate has already been raised by 3 percentage points in six months since the rate hike began in March.
This is the fastest rate increase since the United States adopted the current federal funds rate as its base rate in 1990.
However, Fed Chairman Powell has said that rates will continue to rise until inflation is met.
[Jerome Powell/Federal Reserve Chairman: We believe that continuing interest rate hikes in the future are appropriate.
We are adjusting our policies to bring inflation down to the 2% level.]
The US CPI for August, announced recently, was 8.3%, more than four times the Fed's inflation target of 2%. Interest rate hikes are likely to continue.
In fact, the Fed's dot chart, which shows future interest rate forecasts, predicts that the Fed will raise the base rate to 4.4% by the end of this year and to 4.6% by the end of next year.
Today's hike has already reversed the base rate in Korea and the US again, so the Bank of Korea, which raised interest rates for the first time in a row for the first time in history, has to think about raising rates again.
Meanwhile, the New York Stock Exchange plunged more than 1.7% in all three major indices as expectations for a significant further rate hike in the future.