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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.
When the Federal Reserve signaled last fall that it was likely done raising interest rates, many began wondering when it would start cutting rates. But with the U.S. economy showing surprising vigor, a different question has arisen: Will the central bank really cut rates three times this year, or even cut at all?
Friday's blockbuster jobs report for March reinforced the notion that the economy is managing quite nicely on its own.
Friday's blockbuster jobs report for March reinforced the notion that the economy is managing quite nicely on its own.
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