Current location:business >>
Will the Federal Reserve cut interest rates? With a robust US economy, it might not need to
business88People have gathered around
IntroductionWASHINGTON (AP) — Ever since the Federal Reserve signaled last fall that it was likely done raising ...
WASHINGTON (AP) — Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, car buyers, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates?
But now, with the U.S. economy showing surprising vigor, a different question has arisen: Will the central bank really cut rates three times this year, as the Fed itself has predicted — or even cut at all? The Fed typically cuts only when the economy appears to be weakening and needs help.
Lower interest rates would reduce borrowing costs for homes, cars and other major purchases and probably fuel higher stock prices, all of which could help accelerate growth. An even more robust economy might also benefit President Joe Biden’s re-election campaign.
Friday’s blockbuster jobs report for March reinforced the notion that the economy is managing quite nicely on its own. The government said employers added a huge burst of jobs last month — more than 300,000 — and the unemployment rate dipped to a low 3.8% from 3.9%.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Storyline news portal”。http://laos.thesocietyguide.org/article-74c599835.html
Related articles
Lawmakers vigilant of use of AI in fraud
businessPhoto/ICDuring a news conference of the National People's Congress Standing Committee held in Beijin ...
【business】
Read more5th World Sichuan Cuisine Conference held in SW China
businessChefs prepare specialty snacks during a Sichuan cuisine cooking skills competition in Ya'an, southwe ...
【business】
Read moreXinhua Headlines: Join Hands for High
businessContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【business】
Read more
Popular articles
- 11th batch of Chinese medical team provides medical services in Juba, South Sudan
- View of 5th CIIE venue in Shanghai
- Art education on display
- A paragliding amateur aims to discover more beauty of Xinjiang
- Xi stresses development of new productive forces, high
- China's PLA aerobatic team to perform at world defense show in Saudi Arabia
Latest articles
Airshow China kicks off in port city Zhuhai
Study reveals giant store of global soil carbon
Comicomment: How the American Dream turned into a nightmare?
More Chinese students experience unwarranted interrogation, harassment, deportation at U.S. border
15 killed in road accident in central Ethiopia
Martial arts enthusiasts found training class for local children
LINKS
- Courtois has surgery after another knee injury
- Alonso steps away from unprecedented glory with Leverkusen
- 3 sports executives in China found guilty of bribery
- UN asks South Sudan to remove new taxes that led to a pause in food airdrops
- Laos eyes influx of Chinese tourists
- Luis Enrique is rebuilding his reputation quickly after finally getting PSG to play like a team
- China awards young female scientists
- Nadal's Barcelona return ended by De Minaur
- Fireworks show held in Thailand's beach resort Pattaya to promote tourism
- Nadal's Barcelona return ended by De Minaur