Mexican Media Brands
Fed Signals No Rate Hike Until at Least June
As expected, the Federal Reserve has opted not to raise interest rates until at least its next review in June.
#economics
Share
As expected, the Federal Reserve has opted not to raise interest rates until at least its next review in June.
The decision came after initial data last week indicated the U.S. economy expanded by an annualized rate of only 0.7% in the first quarter of 2017, its slowest growth in three years. But the Fed, pointing to stronger business investment, says it expects expansion to resume at a “moderate pace” this year.
The central bank’s most recent rate adjustment was in March, when it increased its key lending rate by 25 points to a range of 0.75%-1.0%. Analysts expect the Fed to make two more small hikes by year-end.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.