Fed's Tea Leaves Get Murkier
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The U.S. Federal Reserve is all but certain to hold interest rates steady Wednesday, but the economy is still scorching – beating expectations in September – while American consumers continue to buy up a storm, charging their credit cards as their pandemic savings run dry.
In other words, the Fed's 18-month campaign of ladling cold water on the nation's economic engines, in the form of raising interest rates at the fastest clip seen this century, is making a dent, but only a small one.
Source Fool.com
