Let’s accept it: The Fed’s rate hikes did little to slow this roaring economy

Feb 19, 2024

A customer shops at a Costco store in San Francisco on Oct. 2, 2023.

Justin Sullivan | Getty Images

Can’t stop won’t stop? 

OK, you will never confuse me for a rapper, but those are the four words that describe this economy right now. And as we walk into retail earnings hell — a period where too many retailers report all at once and the comparisons become odiously confusing, starting with Walmart and Home Depot before the bell on Tuesday — I have to marvel that there is no discernible let-up in spending across most areas.

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