Will the Federal Reserve cut interest rates? With a robust US economy, it might not need to
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%.
Related articles
Ricky Stenhouse punching Kyle Busch could lead to suspension
NORTH WILKESBORO, N.C. (AP) — Ricky Stenhouse Jr. threw a right hook at Kyle Busch, and suddenly, an2024-05-21Nanjing County in Fujian develops tourism industry and local economy in sustainable way
Tourists visit Yunshuiyao ancient town in Nanjing County, southeast China's Fujian Province, Aug. 172024-05-21Scenery of Shahu Lake scenic area in Ningxia
Aerial photo taken on July 31, 2021 shows the scenery of the Shahu Lake scenic area in Pingluo Count2024-05-21Xi Holds Talks with Eritrean President
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21- DENVER (AP) — The Denver Nuggets couldn’t quiet an epic second-half comeback by Minnesota or the noi2024-05-21
Scenery of Arxan National Forest Park in north China's Inner Mongolia
Tourists visit the Arxan National Forest Park in Arxan of Hinggan League, north China's Inner Mongol2024-05-21
atest comment