High interest rates taking powersports borrowers ‘out at the knees’
LAS VEGAS — Interest rates will need to fall further to make powersports financing more attractive. In its first ...
Tag: interest rate
Fed cites lack of progress on inflation, holds rates steady
The Federal Reserve signaled fresh concerns about inflation while indicating it was likely to keep borrowing costs elevated for longer ...
Apollo’s chief economist says a ‘default cycle’ has begun due to Fed hikes
Corners of the consumer and corporate market are beginning to feel the pain from the Federal Reserve’s ultra-aggressive rate hikes, even though ...
Changing market, rates prompt banks to exit auto lending
Relationship priorities, rising interest rates and changing indirect lending dynamics have contributed to several banks’ recent exits from indirect auto ...
Jumbo Fed rate hike is in play as Powell sticks to hawkish view
Federal Reserve Chair Jerome Powell said officials won’t flinch in the battle to curb inflation, hardening expectations that they’ll deliver ...
St. Louis, Minneapolis feds backed full-point discount rate hike
Directors at two of the Federal Reserve’s 12 regional branches favored a 100 basis-point increase in the discount rate in ...
Fed hikes rates 75 basis points, intensifying inflation fight
Federal Reserve officials raised their main interest rate by three-quarters of a percentage point - the biggest increase since 1994 ...
Credit margins shrinking in auto amid Fed rate cut, economist says
Despite the Federal Open Market Committee’s (FOMC) goal of boosting the economy and reducing the cost of borrowing money for ...
