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Steven Ricchiuto says the U.S. economy remains on firm footing, supported by strong consumer spending and tight labor markets. He argues persistent inflation and above‑trend growth could keep the Federal Reserve on hold through 2026, with long‑term yields adjusting to a higher‑for‑longer rate environment.

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Strong Economy Keeps the Fed on Hold as Higher‑for‑Longer Takes Hold

Schwab Network

Strong Economy Keeps the Fed on Hold as Higher‑for‑Longer Takes Hold