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
Indiana professors sue after GOP lawmakers pass law regulating faculty tenure
INDIANAPOLIS (AP) — Two professors are challenging an Indiana law creating new regulations on facult2024-05-09- Bella Hadid has been fact-checked after posting pictures taken in a refugee camp in Syria as she voi2024-05-09
Southwest Airlines flight attendants ratify a contract that will raise pay about 33% over 4 years
DALLAS (AP) — Flight attendants at Southwest Airlines have ratified a contract that includes pay rai2024-05-09How major US stock indexes fared Wednesday, 4/24/2024
U.S. stocks drifted to a mixed finish. The S&P 500 closed little changed Wednesday after a two-d2024-05-09Where were Kanye West and Bianca Censori's Met Gala invites? As his ex
Kim Kardashian was the talk of the town at the Met Gala 2024 in NYC on Monday, wearing a tiny corset2024-05-09Rebecca Minkoff's RHONY castmates rally around her as they film scenes for the show's new season
Rebecca Minkoff's Real Housewives of New York City castmates are showing their support for the fashi2024-05-09
atest comment