Your current location:HOME >world >Will the Federal Reserve cut interest rates? With a robust US economy, it might not need to 正文
TIME:2024-05-22 05:53:48 Source: Internet compilationEdit:world
WASHINGTON (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%.
Landmark Paris trial of Syrian officials accused of torturing, killing a father and his son starts2024-05-22 05:38
Lantern dragon dance performed to greet upcoming Lantern Festival across China2024-05-22 05:31
Israel stands strong: IDF reveals it has shot down more than 200 drones and missiles fired by Iran2024-05-22 05:30
Tourism flourishes as Kashgar gears for Spring Festival gala2024-05-22 05:00
Garcia, Winker go deep as Nats end slide, beat struggling Twins 122024-05-22 04:48
Dramatic intervention by Labour Deputy's ex2024-05-22 04:46
China's NCPA to host Festival Waltz concert2024-05-22 04:45
Pelicans wing Brandon Ingram returns from a knee injury in regular2024-05-22 04:34
Trump visits Minnesota after son Barron's Florida high school graduation2024-05-22 03:39
Family who got their nine2024-05-22 03:26
Biden to release 1 million barrels of gasoline in bid to lower prices at pump2024-05-22 05:30
Underwater dragon dance staged in China's Qingdao2024-05-22 05:03
New Yorkers wrap up Lunar New Year celebrations with big parades2024-05-22 04:58
Dramatic intervention by Labour Deputy's ex2024-05-22 04:36
Rafael Devers sets team record by homering in 6th straight game as Red Sox top Rays 52024-05-22 04:32
Construction worker turned piano sensation meets his idol2024-05-22 04:22
Stop prescribing puberty blockers to children2024-05-22 04:14
Stop prescribing puberty blockers to children2024-05-22 04:09
Georgia QB Jaden Rashada sues Florida coach, others over failed $14M NIL deal2024-05-22 03:57
Cape Town Carnival showcases Chinese cultural highlights2024-05-22 03:27