New Fed Chair Kevin Warsh held rates at 3.5%-3.75% in a unanimous vote, removed rate-cut language, and signaled potential hikes ahead. Here's what it means

Kevin Warsh chairs his first FOMC meeting with rates expected to hold at 3.5%-3.75%. With CPI at 4.2%, markets eye potential hikes and crypto implications.

Warsh takes over the Fed as inflation tops 3%, labor markets strengthen, and officials increasingly consider rate hikes.