Student or Learner
Here's a sentence I read from a business news:"we know that the US economy is likely to weaken markedly. And of course the Federal Reserve has been cutting interest rates and may very well be forced to cut them again, given that the subprime fallout is unlikely to end anytime soon. Indeed, the expectation is that it could be another year before it fully washes through. "
Then what does "wash through" mean here?abate?By the way, I can't find this phrase in the dictionary,but I guess most people still get it in conversations,right?
Works its way through - stops having an effect. It's not a standard idiom.
I question the source entirely, actually, because the Fed has cut the rate exactly ONCE, which is not the same as "has been cutting." That implies multiple cuts. It's either shoddy facts or shoddy writing.