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Investing.com -- In a note Monday, BCA Research analysts examined the potential impact of the Federal Reserve's recent 50-basis point rate cut on the economy, particularly regarding consumer spending and household borrowing.
In light of revised data on household income and spending, they propose that lower interest rates might help stimulate a rebound in borrowing, thereby supporting consumer spending and possibly preventing a recession.
Despite the optimistic outlook, the analysts caution tha...
>>> Read more: Can lower rates save the economy? BCA weighs in
In light of revised data on household income and spending, they propose that lower interest rates might help stimulate a rebound in borrowing, thereby supporting consumer spending and possibly preventing a recession.
Despite the optimistic outlook, the analysts caution tha...
>>> Read more: Can lower rates save the economy? BCA weighs in
