federal open market committee | Auto Finance News | Auto Finance News

How Lenders Should Respond to the Fed’s Rate Hikes

At the end of September, the Federal Reserve made good on its promise to increase interest rates by 0.25 basis points. According to Chairman Jerome H. Powell, the American economy is experiencing “a particularly bright moment.” The Fed stated that the decision to raise rates between 2% and 2.25% was not intended to get in […]