The longer-time period decline might replicate rising prices of new properties as well as an extreme supply of males versus ladies. In addition, it seems that Chinese are marrying later in life, which is able to likely cut back the number of children they have. To avoid a pointy slowdown in economic progress from lowered funding, the government is encouraging more client spending. Still, the primary quarter GDP numbers indicate a pointy slowdown in quarter-to-quarter growth.
Moreover, longer-time period interest rates—similar to mortgage charges that matter for economic activity, including individuals shopping for homes—have fallen even without the Fed chopping charges. In addition, households maintain plenty of shopper debt—student debt, car loans, and bank cards—the place rates of interest don’t appear to react much to what the Fed is doing. That mentioned, the impact of Federal Reserve bank rate of interest cuts will be limited. U.S. interest rates have lately fallen to historic lows in an indication of accelerating economic uncertainty.
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