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Fed: Loan demand declines, auto sales slow

EV demand continues to dampen

Riley Wolfbauer

Automotive retail sales slowed in January and February amid affordability pressure from elevated interest rates and high vehicle prices, and declining consumer loan demand, according to the Federal Reserve’s Beige Book.  The Federal Reserve System’s March 6 edition of Beige Book is based on data collected from the 12 Fed districts as of Feb. 26.   […]

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