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  3. America’s Federal Reserve cut interest rates by another quarter-point, to 3.

America’s Federal Reserve cut interest rates by another quarter-point, to 3.

游客2025-04-16  32
问题     America’s Federal Reserve cut interest rates by another quarter-point, to 3.75%. Wall Street, which had been【C1】______for a sixth half-point cut, was disappointed. The Dow fell by 2%【C2】______the week. The past week’s economic statistics gave mixed signals. Exports dropped by 2% in both March and April, largely【C3】______a decline in high-tech investment【C4】______;the merchandise-trade【C5】______widened to $ 458 billion in the 12 months【C6】______April. 【C7】______, the Conference Board’s index of consumer confidence was higher than【C8】______in June.
    Concerns【C9】______inflation in the Euro area【C10】______. Preliminary data【C11】______that German consumer price inflation fell to 3. l%in the year to June, from 3.5% in May; wage growth【C12】______to 1.4% in April, a real pay cut of 1.5%. Some economists fear that Germany is on the【C13】______of recessioa The IFO index of business confidence dropped more 【C14】______than expected in May, and the institute has cut its forecast of GDP【C15】______this year to only 1.2% , well below the German government’s forecast of 2%.
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