A line of unsold 2024 Edge utility vehicles sit at a Ford dealership Sunday, May 19, 2024, in Denver. Policymakers' willingness to keep their key rate at a two-decade peak — thereby keeping costs painfully high for mortgages, auto loans and other forms of consumer borrowing — carries its own risks.(AP Photo/David Zalubowski)
May 29, 2024
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May 29, 2024 9:55 a.m.
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
But Coronado and other economists also regard the latest trends as a sign that the economy may simply be normalizing after a period of rapid growth. Companies are still hiring, though at a more modest pace than at the start of the year. And data suggests that Americans traveled in record numbers over the Memorial Day weekend, a sign they're confident in their finances.