The Fed hints at more rate hikes, raising borrowing costs amid inflation fears.

The Federal Reserve has signaled that its recent interest rate hike is unlikely to be a one-time move, raising concerns for borrowers as rates may rise further. This shift marks a reversal from earlier expectations of a pause, putting additional financial pressure on consumers with loans, mortgages, and credit card debt. The decision reflects ongoing inflation concerns and a more hawkish stance by the central bank.