3 takeaways for what the first Fed hike in 3 years means for your wallet

The Fed hiked rates by a quarter point at the September meeting. Inflation is a top priority, Warsh said.

What a Fed rate hike means for your bank accounts, loans, credit cards, and investments

Stock prices often react to the Fed's rate actions, but they are only one of many factors affecting the investing climate and stock prices. AI investments and oil-price-fueled inflation seem to be the most motivating factors for equity markets these days.

The Fed Raises Rates to Rein in Inflation, Signals One More Increase This Year

The FOMC is expected to raise the federal-funds target range to 3.75%-4% when it releases its rate decision on Wednesday at 2 p.m. Eastern. Warsh will later speak to the media in a press conference slated to start at 2:30 p.