Fed Expected to Hold Rates Steady Despite Strong Economy

The Fed is expected to hold interest rates steady at its upcoming meeting despite some strong economic data recently.

Strong GDP growth in Q3 sounds good but may not be sustainable long-term.

The Fed has been raising rates for over a year to slow the economy, but it takes time to fully impact things.

Higher bond yields are already acting like rate hikes by making borrowing more expensive.

The Fed likely won't cut rates anytime soon and will keep them high for a while.