European Central Bank joins global push to help economy
The ECB slashes its economic growth forecast to 1.1% from 1.7%
- March 7, 2019 March 7, 2019
- 12:54
The ECB slashes its economic growth forecast to 1.1% from 1.7%
But consumers will likely continue to drive economic expansion later this year
GDP growth of 2.9% for 2018 was the best showing in three years
Some analysts forecast that the Fed's next move could be a rate cut
As a result, Fed officials invoke a 'patient approach'
International Monetary Fund downgrades world growth to 3.5%
Monthly gain supports view of a strong U.S. economy
Lack of inflationary pressure means Federal Reserve can be patient with rate hikes
In December, businesses add 271K jobs
Consumers boosted their spending at the fastest pace in seven months