Fed’s First Rate Cut Since 2020 May Lower Car Loan Costs, But Don’t Expect Miracles
Carscoops
SEPTEMBER 18, 2024
This will lower the cost of borrowing, which will save car buyers money. Car buyers are about to get some much-needed relief as the Federal Reserve has announced plans to cut rates by 50 basis points. The Federal Reserve has cut the federal funds rate for the first time in more than four years. Federal Reserve Bank of St.
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