The Fed released its summary of economic projections at the latest FOMC meeting. What does it say about the current state of the economy and what will policymakers do next? Photo: Al Drago/Bloomberg News
Americans 65 and older account for record share of spending and are less susceptible to interest ratesWhy has consumer spending proven so resilient as the Federal Reserve has raised interest rates? An important and little-appreciated reason: Consumers are getting older.
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