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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2025-04-23  7
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. 1%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 recession. 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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