Fed keeps interest rate unchanged

The US economy appears "stronger than previously predicted" according to the Washington Post and as a result, the Fed has not changed the base rate after several increases in previous quarters.The base reserve rate will remain at 5.25-5.5%, the highest in 22 years. Is a recession now looming? Some economists think so. Are Americans feeling great about the economy? No.“Concerns about inflation are still something that I hear when I talk to people,’’ Boston Fed President Susan Collins told The Washington Post last month. “From my perspective, what price stability means is a level of low, stable prices where people aren’t really focused on it. … And people are still quite focused on it.’’