Fed coming up snake eyes in its battle with spend-happy consumers

By Howard Schneider DANVILLE, Virginia (Reuters) – The new Caesars casino in Danville, Virginia, is a temporary facility reminiscent of an airplane hangar and with limited food and drink options. It still saw 400,000 visitors lay out more than $50 million in bets since opening in the middle of May, beating its owners’ expectations in another example of U.S. consumer spending that so far refuses to cave in the face of the Federal Reserve’s aggressive interest rate hikes. “It’s amazing the amount of demand we’ve seen so far for sure,” said Chris Albrecht, senior vice president and general manage…

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