According to Odaily Odaily, U.S. Commerce Secretary Rutnick stated that a 100-basis-point interest rate cut would result in U.S. economic growth of 6% or even higher, necessitating lower interest rates to make homeownership more affordable for young people. (Jinshi)
U.S. Commerce Secretary Lutnick: If interest rates are lowered by 100 basis points, the U.S. economy will grow by 6% or even higher.
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