Chairman Jerome Powell said interest rate reductions would slow next year while announcing an expected quarter-point cut to end 2024 with a target range of 4.25% to 4.5%. +
Amazon Autos is now live and in partnership with Hyundai dealers in 48 U.S. cities, allowing shoppers to buy a vehicle from the ecommerce giant for the first time. +
Andrew Ferguson has been tapped to promote from commissioner to chair of the Federal Trade Commission by President-elect Donald Trump. +
Experian’s latest auto finance report finds U.S. consumers’ monthly payments ticked up for new vehicles and down for used, corresponding with minimal changes in loan amounts. +
Ryan Gremore, president of O’Brien Auto Team and its six Bloomington/Normal-area dealerships, has offered to send staff members to CPR training during work hours at the auto group’s expense. +
