By Andrew Moran Federal Reserve officials anticipate lower interest rates this year, despite the Iranian conflict clouding the economic outlook, according to minutes from the March policy meeting. Policymakers left interest rates unchanged at the March 17—18 meeting, keeping the target federal funds rate range between 3.5 percent and 3.75 percent. The meeting summary, released […]
Tag: Economic Depression
An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.
