Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Auto sector not ruling out Fed rate hike, higher funding costs by yearend

Fed held benchmark rates in a range of 3.75% to 4% in October 

The Federal Reserve left its benchmark federal funds rate unchanged in its meeting today, but auto industry executives are not ruling out higher funding costs before the end of the year.  The Federal Open Market Committee voted 10-2 to hold the rate in a range of 3.75% to 4%. That decision comes as a relief […]

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