If Fed Policy Is Still Easy, Consumers Aren’t Getting the Memo

The Federal Reserve stated that interest rates are still low enough to stimulate the U.S. economy. New data from a University of Michigan survey suggests that may no longer be the case.

The amount of U.S. consumers who cited low interest rates as a reason to make a large purchase fell to 14 percent on average this month, down from 32 percent two years earlier.

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