What was the unemployment rate when the Fed first cut interest rates in previous recessions? Ps. Compare the data to see why I say today's 4% unemployment rate is important!
2020 COVID-19 pandemic. Emergency interest rate cut in March, unemployment rate is 4.4%
2008 financial crisis. Interest rate cuts started in September 2007, unemployment rate is 4.7%
2001 recession. Interest rate cuts started in January 2001, unemployment rate is 4.2%
1990-1991 recession. Interest rate cuts started in June 1989, when unemployment rate was about 5.3%
1981-1982 recession. Interest rate cuts started in July 1981, when unemployment rate was about 7.2%.
Are we still far from a real interest rate cut?
