Beige Book: Auto sales ‘unchanged’ following first Fed rate cut
Cleveland Fed reports ‘no noticeable change in sales’
Auto sales were mixed for dealers in September and October as affordability woes hampered consumer spending despite the Federal Reserve’s rate cut on Sept. 18. Most dealers in the latest edition of Beige Book, which was published by the Fed today, indicated that auto sales were “softened” or “steady” during the latest reporting period. The […]
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