Explaining what 75 basis-point rise in interest rates might do within auto financing
Federal Reserve chair Jerome Powell at a news conference on Wednesday. Image courtesy of the Federal Reserve.
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Thursday, Jun. 16, 2022, 03:24 PM
Nick Zulovich, Senior Editor
Experts from Cox Automotive and Edmunds offered perspectives on what might happen within auto financing after the Federal Reserve made its largest increase interest rates at a single point since 1994. The Federal Open Market Committee voted 8-1 this week to raise the target range for the federal funds rate by 75 basis points to […]