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Fed slashes interest rates, offering relief as inflation eases

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The Federal Reserve announced a 50 basis point cut to its benchmark interest rate today, lowering the federal funds rate to a range of...
The Federal Reserve opted to keep its benchmark rate unchanged during its July meeting, maintaining the target range between 5.25% and 5.5%

Federal Reserve maintains interest rates, keeping vehicle financing costs high

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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...
Dealers and consumers will have to wait for relief from higher interest rates as Federal Reserve leaders leave its benchmark rate unchanged

Federal Reserve holds interest rates steady, impacting auto loans and dealer...

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Dealers and consumers will have to wait for relief from higher interest rates as Federal Reserve leaders opted to leave the Fed benchmark rate...
Staying aware of the latest trends is crucial for automotive retailing professionals seeking to navigate challenges and seize opportunities.

6 key automotive retailing trends to watch closely in 2024

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As the automotive industry continues to evolve, the year 2024 promises to be a pivotal one marked by dynamic shifts in automotive retailing. From...
The Feds no longer expect recession policy

Fed maintains interest rates but auto industry still faces economic tension

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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...
According to the U.S. Commerce Department, sales rose 0.3% rise from April to May, driven by stronger retail sales at auto and parts dealers.

Retail sales rose 0.3% in May, beating analyst expectations

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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...
inflation interest rates Fed

Fed raises interest rates one more time, indicates hikes could be...

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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...
interest rates

Federal Reserve slightly raises interest rates, but warns of further increases

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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%...
Fed interest rates

Why the Fed raised interest rates again, and why it matters...

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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...
interest rates FED

Fed raises interest rates by another 0.75 points to curb US...

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In a highly anticipated move, the Federal Reserve raised benchmark interest rates by another three-quarters of a percentage point on Wednesday and indicated that...