Was this the last Fed hike for years?

The U.S. Federal Reserve gave no indication it was pressing the pause button after Wednesday's 25 bps hike. Instead, it said the next best thing.

"A decision on a pause was not made today," Jerome Powell remarked in his press conference. But "We feel like we are close, or maybe even there...We're no longer saying that we “anticipate” [further policy firming]."

That's about as much as you're going to get from a Fed worried that it may not have done enough to ensure inflation is headed back to 2%.