As a result, the Fed has been raising interest rates aggressively since early last year in order to cool the economy and restore inflation to its target level of about 2%.

Source: https://seekingalpha.com/article/4607257-bank-ozk-preferred-stock-grasp-7-8-percent-dividend-before-late?source=feed_all_articles

Logan noted that if longer-term rates are rising mostly because investors expect the economy to grow more quickly in the future, the Fed might have to keep lifting their short-term rate to cool the economy.

Source: https://abcnews.go.com/US/wireStory/2-federal-reserve-officials-spike-bond-yields-central-103838340

Moreover, central banks have begun to raise interest rates aggressively in order to cool the economy and thus drive inflation back to normal levels.

Source: https://seekingalpha.com/article/4568936-assurant-stock-trading-nearly-5-year-low-valuation-level-reiterate-buy?source=feed_all_articles

The Fed's goal is to slow borrowing and spending, cool the economy and tame inflation — without causing a deep recession.

Source: https://newstalk1290.com/us-consumer-price-growth-slowed-inflation-steady-decline/