2026-09-16 22:15:53
As higher prices are burning a larger hole in consumers’ wallets,
it may seem counterintuitive that the Federal Reserve made borrowing costs even higher by raising rates on Wednesday.
But the reason stems from the fact that even though rates are higher than they were for much of the first two decades of the 2000s,
consumer spending, business investment and other measures of the health of the economy are all running hot.
And inflation, the rise in prices that can resu…











