Tag: interest rates
Fed’s interest rate cuts could revive buyer interest
The Federal Reserve announced a 0.25% cut to its benchmark interest rates, bringing the target range to 4.5-4.75%.
This marks the second interest rate...
Fed slashes interest rates, offering relief as inflation eases
The Federal Reserve announced a 50 basis point cut to its benchmark interest rate today, lowering the federal funds rate to a range of...
Federal Reserve maintains interest rates, keeping vehicle financing costs high
The Federal Reserve opted to keep its benchmark rate unchanged during its July meeting, maintaining the target range between 5.25% and 5.5% to restrict...
Federal Reserve holds interest rates steady, impacting auto loans and dealer...
Dealers and consumers will have to wait for relief from higher interest rates as Federal Reserve leaders opted to leave the Fed benchmark rate...
6 key automotive retailing trends to watch closely in 2024
As the automotive industry continues to evolve, the year 2024 promises to be a pivotal one marked by dynamic shifts in automotive retailing. From...
Fed maintains interest rates but auto industry still faces economic tension
As anticipated, the Federal Reserve maintained rates regarding the declared short-term rate policy. However, they also clarified that there may be more rate increases...
Retail sales rose 0.3% in May, beating analyst expectations
Despite the challenges posed by persistent inflation and rising borrowing costs, Americans increased their spending at retailers in the month of May.
According to the...
Fed raises interest rates one more time, indicates hikes could be...
The Federal Reserve has hiked interest rates once again, this time by 0.25%, but appears poised to discontinue the dis-inflationary tactic.
After the last increase...
Federal Reserve slightly raises interest rates, but warns of further increases
The Federal Reserve has again raised interest rates, but this time only by a quarter of a percent to a target range of 4.5%...
Why the Fed raised interest rates again, and why it matters...
The Federal Reserve has now raised interest rates to their highest since 2008, solidifying the concerns of many industry insiders that the auto-market will...
