The Federal Reserve‘s decision today to raise interest rates will swiftly impact powersports lending, according to powersports executives. “Unfortunately, it usually has immediate impact,” Kristi Mercier, chief operating officer at ThunderRoad Financial, said at Powersports Finance Summit in Atlanta. The Fed raised the benchmark federal funds rate by a quarter percentage point to a range of 3.75% to 4% in its first rate increase since July 2023. The central bank also banked another hike later this year. “Most of us don’t […]
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