US EditionThe U.S. Economy Does Not Need Lower Interest Rates (Yet)
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The U.S. Economy Does Not Need Lower Interest Rates (Yet)
While Federal Reserve officials may eventually feel compelled to lower their policy interest rate band, the case for doing so now is weak. Despite the current administration’s best efforts to discourage business investment and hiring, the U.S. economy is still humming along remarkably well. Moreover, the best and timeliest indicators of business sentiment have improved relative to March and April, implying that we may have (temporarily?) found a…
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