The Fed paused interest rates, but December is already looking expensive
The central bankers looked at runaway prices, hit snooze on rate hikes for five minutes, and basically warned everyone to enjoy the truce while it lasts.
The Federal Reserve decided to do nothing with interest rates this time, leaving borrowing costs right where they are. Which sounds relaxing until looking under the hood.
Inflation is still clinging on like gum to a sneaker, meaning the current pause is just the calm before another hike lands in December.
Nothing screams economic stability quite like postponing the inevitable right before holiday shopping kicks off.
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