"We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy.
"Clearly, today's 75 basis point increase is an unusually large one, and I do not expect moves of this size to be common. From the perspective of today, either a 50 or 75 basis point increase seems most likely at our next meeting."
The S&P 500 rose by 1.5%, while the NASDAQ was up 2.5%. Gold rose to $1836.40 an ounce. Bitcoin dropped as low as $21,600 overnight but last traded at about $22,367.