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cover of episode What do interest rate cuts in Europe mean for the U.S.?

What do interest rate cuts in Europe mean for the U.S.?

2024/6/6
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Marketplace
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The European Central Bank's recent interest rate cut, the first in five years, operates under different economic conditions than the U.S., with less impact on U.S. job growth and prices. The U.S. Federal Reserve focuses on domestic conditions, and the relationship between the U.S. and eurozone economies is relatively small.

Shownotes Transcript

The European Central Bank delivered on its promise of June interest rate cuts, its first since 2019. The U.S. Federal Reserve is still deciding whether to do the same this year. But what the ECB does won’t affect the Fed’s decision, since European interest rates don’t impact U.S. job growth or prices. Also in this episode, the history of the federal jobs report, the cost of congestion pricing and the future of tourism on the Rio Grande.