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
The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.
March 25, 2019
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