Three Federal Reserve governors voted to lower interest rates despite persistently elevated inflation in Kevin Warsh’s second meeting as chairman. +
Kevin Warsh joined a unanimous vote to hold the Federal Reserve’s target lending rate at 3.5% to 3.75% and warned inflation could force an increase. +
Healthy March and April sales improved many dealers’ moods, but Cox Automotive’s Q2 survey finds growing anxiety over factors beyond their control. +
The Cox Automotive/Moody’s Analytics Vehicle Affordability Index increased from 35.1 in March to 35.2 in April after five months of incremental improvement. +
The Federal Reserve has decided to keep its target lending rate at 3.5% to 3.75% in an 11-1 vote held amid persistent inflation and new geopolitical concerns. +
The Federal Reserve elected to hold its target lending rate at 3.5% to 3.75% in a 10-2 vote, marking the end of a series of three quarter-point cuts that started in September 2024. +
Chairman Jerome Powell announced an expected reduction to the Federal Reserve’s target lending rate, which now sits at 3.5% to 3.75% after three quarter-point cuts this year. +
The Federal Reserve Board has reduced its target lending rate by one-quarter of a point for the second time this year, with a third cut planned for December, Chairman Jerome Powell announced. +
Under pressure from the White House and troubling inflation reports, the Federal Reserve Board voted to reduce its target lending rate by a quarter-point to 4% to 4.25%. +
Each of the six manufacturers reporting monthly U.S. sales to the Automotive News Data Center says volumes were up on a year-over-year basis in July, led by a 19.9% increase for Toyota. +
