CoinMeta data: Wall Street economist Peter Schiff stated that despite the federal funds rate being too low to curb rising inflation, only two of the twelve members of the Federal Reserve FOMC voted in favor of a rate hike. He pointed out that even the 25 basis points of interest rate increase being supported seem insufficient and come far too late. Schiff believes that today's decision will lead to inflation rates exceeding the Federal Reserve's target level of 2%.