Powell hammers home ‘unconditional’ commitment to cool prices
Federal Reserve Chair Jerome Powell called his commitment to curbing inflation “unconditional” and another of his colleagues backed raising interest ...
Tag: interest rates
Listen: Weekly Wrap on inflationary impacts in auto finance
Affordability concerns continue to plague the auto finance industry amid high prices and rising interest rates in a global economy ...
Auto credit market remains competitive despite Fed interest rate hikes, dealers say
Competition in the credit market is heating up as banks and credit unions lean on low-cost deposits to keep auto ...
Powersports retail market yet to feel effects of rising interest rates
The powersports retail market has yet to feel the effect of rising interest rates, but lenders’ margins are getting squeezed ...
US economy posts surprise contraction, belying solid consumer picture
The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to robust consumer demand. While ...
Powell backs front-loading Fed rate hikes, says half-point on table
Federal Reserve Chair Jerome Powell blessed a half-point interest-rate hike next month and signaled support for further aggressive tightening to ...
Rising interest rates to further stifle affordability
Rising interest rates for auto loans are set to further suppress vehicle affordability as new vehicle production remains hampered due ...
Prime rates edge up on heels of Fed benchmark hike
Prime rates at the nation’s largest banks with auto lending arms increased today following the Federal Reserve’s announcement Wednesday that ...
