The world’s biggest economy has been grappling with its worst recession since the Great Depression for months, as the Federal Reserve has begun cutting interest rates and banks are reopening their doors.
But for now, there are signs the crisis could hit the US hard, even in the midst of a political election season that is shaping up to be the most contentious in decades.
On Tuesday, the Federal Open Market Committee is set to meet to determine how much to hike interest rates this year.
In addition to cutting rates to zero, the Fed is also likely to begin winding down its asset purchases program, which includes buying hundreds of billions of dollars of Treasuries, mortgage-backed securities, and other securities.
The Fed’s decision could affect the value of the dollar, and it could have major implications for US GDP.
If interest rates go down, it could lead to an immediate spike in the price of goods and services, which could hurt consumer spending.
But if the Fed does increase rates, the impact could be felt for years, if not decades.
While the US has seen economic growth slow in recent months, the recent slowdown has coincided with a weak economic outlook for Europe, and an increase in unemployment in the US.
This has led to concerns that the US economy will suffer another sharp economic downturn, especially if the economy does not recover from the recession that began in 2008.
However, a Reuters poll released Tuesday found that more Americans expect economic growth to pick up in the next few years, even if the US does not get another recession.
A majority of respondents said that they think growth will pick up or be at least equal to the last recession, while only 29 percent expect the US to go through another recession this year, the poll found.
In addition, most Americans (54 percent) say that the recovery from the last economic crisis will be stronger than the previous one.
This number has also risen since early October, when the last time Americans were polled about the impact of the recession on the recovery.
In contrast, Americans’ expectations about how fast the economy will recover from a recession are still quite low.
Only 33 percent said the recovery will be at the same level of unemployment it was in the previous recession, and another 26 percent said it will be a little higher than it was before the recession.
For now, Americans are more pessimistic about their ability to get back on their feet.
While the economy is doing better than expected, only 35 percent said that the economy has returned to the previous level of employment, and just 28 percent said they think the recovery is on track to return.
A majority of Americans, 53 percent, are still dissatisfied with the way the economy works, according to the poll.
Only 26 percent of respondents are optimistic about the recovery, while 34 percent said their hopes for the recovery were “moderately positive.”