The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at 1.5% after starting the year at 2.25%.
October 31, 2019
Cox Automotive’s chief economist, Jonathan Smoke, said he didn’t expect the Fed’s latest move to match the impact of the July cut for auto manufacturers or dealers.
September 23, 2019
Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by a quarter-point to 2%.
August 1, 2019
The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.
March 25, 2019
With the labor market continuing to strengthen and economic activity rising at a solid rate, the Federal Reserve raised the Federal Funds Rate a quarter percentage point for the second time this year — putting the target for short-term rates in the 1.75 to 2% range.
June 15, 2018
Tom Caruso, executive vice president at KAR Auction Services received the 2018 Remarketer of the Year Award at the 2018 Conference of Automotive Remarketing. Jeannie Chiaromonte, VP, national remarketing manager at Bank of America received the 2018 Consignor of the Year Award.
March 7, 2018
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