[单项选择]

AMERICA’S central bank sent a clear message this week. For the second consecutive meeting, the Federal Open Market Committee, the central bank’s policy-making committee, left short-term interest rates unchanged at 1.75%. But it said that the risks facing the economy had shifted from economic weakness to a balance between weakness and excessive growth. This shift surprised no one. But it has convinced many people that interest rates are set to rise again--and soon.
Judging by prices in futures markets, investors are betting that short-term interest rates could start rising as early as May, and will be 1.25 percentage points higher by the end of the year. That may be excessive. Economists at Goldman Sachs, who long argued that the central bank would do nothing this year, now expect short-term rates to go up only 0.75% this year, starting in June. But virtually everyone reckons some Fed tightening is in the offing.
The reason After an unprecedented 11 rat
A. interpret the message from the central bank
B. justify the rise of short-term interest rates
C. illustrate what is weakness and undue growth
D. contrast different views on economic indices

[单项选择]

AMERICA’S central bank sent a clear message this week. For the second consecutive meeting, the Federal Open Market Committee, the central bank’s policy-making committee, left short-term interest rates unchanged at 1.75%. But it said that the risks facing the economy had shifted from economic weakness to a balance between weakness and excessive growth. This shift surprised no one. But it has convinced many people that interest rates are set to rise again--and soon.
Judging by prices in futures markets, investors are betting that short-term interest rates could start rising as early as May, and will be 1.25 percentage points higher by the end of the year. That may be excessive. Economists at Goldman Sachs, who long argued that the central bank would do nothing this year, now expect short-term rates to go up only 0.75% this year, starting in June. But virtually everyone reckons some Fed tightening is in the offing.
The reason After an unprecedented 11 rat
A. interpret the message from the central bank.
B. justify the rise of short-term interest rates.
C. illustrate what is weakness and undue growth.
D. contrast different views on economic indices.

[单项选择]AMERICA’S central bank sent a clear message this week. For the second consecutive meeting, the Federal Open Market Committee, the central bank’s policy-making committee, left short-term interest rates unchanged at 1.75%. But it said that the risks facing the economy had shifted from economic weakness to a balance between weakness and excessive growth. This shift surprised no one. But it has convinced many people that interest rates are set to rise again--and soon.
Judging by prices in futures markets, investors are betting that short-term interest rates could start rising as early as May, and will be 1.25 percentage points higher by the end of the year. That may be excessive. Economists at Goldman Sachs, who long argued that the central bank would do nothing this year, now expect short-term rates to go up only 0.75% this year, starting in June. But virtually everyone reckons some Fed tightening is in the offing.
The reason After an unprecedented 11 rate-cuts in 2001, short-te
A. interpret the message from the central bank.
B. justify the rise of short-term interest rates.
C. illustrate what is weakness and undue growth.
D. contrast different views on economic indices.