High interest rates probably aren’t going away anytime soon

Even borrowing money is more expensive these days — and the Federal Reserve might decide to keep it that way for a while. All eyes are on the Fed’s May meeting today, where Fed chair Jerome Powell will make an announcement about interest rates. Though analysts do not expect the Fed to cut rates just yet, some had projected a cut might be coming soon. That now appears increasingly unlikely. Instead, his remarks are expected to shed light on how much longer the US economy will have to endure high...