The latest numbers show the economy is going strong

The Federal Reserve is set to meet this week, with little chance of a rate cut due to positive economic indicators. The economy is recovering from the pandemic, with job growth and slowing inflation. However, a strong labor market may concern the Fed. Inflation has decreased since 2022 but remains above the Fed's target. Consumer sentiment is low, with spending cuts on non-essentials. High interest rates benefit savings accounts.

What is the expected interest rate range that has been lingering for nearly a year?

What are consumers reportedly doing in response to high interest rates?