Fed holds rates, but a future hike is pretty inevitable
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Fed governors met this week and voted to keep interest rates steady at just below 4%. The central bank says itβs taking a βwait and seeβ approach to elevated inflation. But what does that mean for banks and businesses that want to borrow money? In this episode, economic forces make for a fraught lending environment. Plus: We take a trip to Costco to understand how toilet paper is an economic indicator, and spend the day out west with a Wyoming cattle brand inspector.
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