Economic Boom in February: Federal Reserve’s Interest Rate Cut Hint Sparks Debate on Number of Cuts Before Election Day
At Bloomberg Businessweek, we offer you a unique newsletter experience every weekday. Our newsletter features engaging voices, exceptional reporting, and the trademark charm that our readers love. We value your feedback, so please feel free to email our editor at any time. If you received this newsletter as a forward, click here to subscribe.
In February, the economy was booming, inflation rates were low and the S&P 500 was breaking new records on a regular basis. The Federal Reserve had hinted at making significant interest rate cuts which sparked heated debates among market experts about how many cuts would be made before Election Day. “Let’s face it,” Fed Chair Jerome Powell said at the time, “This is a strong economy.”
