Auto finance ramifications of Fed pushing interest rates another 75 basis points higher
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Thursday, Sep. 22, 2022, 02:09 PM
Nick Zulovich, Senior Editor
Cox Automotive chief economist Jonathan Smoke made a pair of noteworthy observations following members of the Federal Open Market Committee (FOMC) deciding unanimously to raise the target range for the federal funds rate by another 75 basis points. “Combined with the increases made in June and July, the Fed has now moved the target rate […]