Fed on Hold Despite Strong Economy, With More Rate Hikes Possible

Fed expected to hold interest rates steady at 5.25%-5.50% despite stronger than expected economic data.

Inflation remains high at 3.4% in September, well above Fed's 2% target.

Consumers still spending despite high inflation, mortgage rates, and low confidence.

Fed trying to balance cooling economy without causing recession and high unemployment.

Further rate hikes possible if economy stays resilient and doesn't slow as expected.