Tag: Federal Reserve
Fed raises interest rates 0.75 points for the second time as...
In an effort to curb rising prices, the Federal Reserve hiked interest rates by another 0.75% Wednesday afternoon, the same amount as its last move in...
Consumer spending increases, inflation eases slightly in May
According to a Commerce Department gauge used by the Federal Reserve, the rate of inflation during May was consistent and while it did rise,...
Unemployment claims decline slightly, labor market remains tight
While labor market conditions remained tight last week, the number of Americans submitting new claims for unemployment benefits decreased somewhat.
Since falling to more than...
Fed raises interest rates by half a percentage point, aims to...
On Wednesday, May 4, the Federal Reserve announced another target interest rate hike intending to quell inflation wreaking havoc American economy. The Fed's target...
Fed approved first interest rate hike in three years, signals more...
On Wednesday, the Federal Reserve announced that the target interest rate for federal funds is being increased by a quarter of a percentage point....
A mixed bag in the latest Cox Automotive Weekly Summary
Cox Automotive released its weekly summary Monday, which included updates on sales and prices across the auto market, the Fed’s potential plans, home sales...
Major Purchases Surge, Showing Pandemic Recovery in Motion
Around ten weeks ago on March 15th, the Federal Reserve slashed benchmark interest rates to 0.25 percent to kickstart the pandemic recovery effort. It’s...
What Dealers Can Do as Auto Loan Delinquencies Rise
Last week the Federal Reserve Bank of New York revealed that auto loan delinquencies rose significantly in the past year. According to their data,...
