They don't have much more to go.

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Irka76

New Member
French -France
Hello, :)

I don't understand the verb "to go" in the expression in bold in the following excerpt:

" Also Wednesday, the Federal Reserve releases the minutes from its Jan. 29-30 meeting. At that meeting, the central bank lowered the key interest rate by a half point to 3.00 percent and stated that the financial markets are still under considerable stress. The Fed also said credit is tightening for businesses and households alike, the housing contraction appears to be deepening, and the job market seems to be weakening.


"It seems to be, as the data unfolds, they'll have no choice but to cut further," said Joseph V. Battipaglia, chief investment officerat Ryan Beck & Co. He added, though, that given how much policy makers have already slashed rates and their persistent worries about inflation, "they don't have much more to go." "

Could you please explain me what the last sentence means in this context?

Thank you!

Irka
 
  • Millie24

    Senior Member
    English - Australian
    I would read that as 'they don't have much further scope to cut rates', given how much they have already cut.
     

    Irka76

    New Member
    French -France
    Thank you very much, Millie24 and Miss Sparkles !

    Your explanations are very clear!

    It helps me a lot.

    :)

    Irka
     
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