The Fed is like a vehicle trying to tow another vehicle with a rope and the slack was just taken out of the rope with the last rate hike. So now the rope will stretch a little before the towed vehicle moves or it will break. The factors of vehicle weight, horsepower, type of rope, and whether the brakes (read tariffs) are on or not will be critical. I think 1 more hike will be okay just not sure when it should be done.
