The Fed hiked rates for the first time in years. Here’s what smart people in economics say comes next.0

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• September 17, 2026

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