Markets and analysts are abuzz over the first Fed interest-rate hike since the second Trump administration.
On Wednesday, the Federal Reserve raised rates by a quarter point, its first hike in three years, as officials sought to curb inflation. Kevin Warsh, the Federal Reserve Chair, said that the move would not immediately bring down individual prices, meaning Americans could still feel pressure at grocery stores and gas pumps.
Warsh declined to say whether more hikes were coming and rejected the idea of forward guidance. Instead, he said future decisions would depend on incoming economic data, and said outside pressures do not drive…
