LEE CARTER: The Fed finally raised rates. The real danger now for the GOP is what happens next

The Federal Reserve raised interest rates Wednesday for the first time since 2023.

There will be much discussion about what this means for the economy.

There should be.

But there is another question, less technical and perhaps more important as we approach the midterms.

What does it mean to the people living in the economy? FOX NEWS POLL: SQUEEZED BY COSTS, FRUSTRATED VOTERS TURN TO THE DEMOCRATS The Fed sees an economy strong enough to withstand higher rates.

Growth is solid.

Consumers are still spending.

Businesses are investing.

The labor market is holding up.

These are good things.

And yet there is something strange about the word economists keep using to describe the American consumer.

Resilient.

Americans have certainly been that.

They have absorbed years of higher prices.