Mexican Media Brands
Federal Reserve: No More Rate Hikes This Year
The Federal Reserve voted unanimously today not to raise interest rates through the end of 2019, citing a slowdown in the pace of U.S. economic growth.
#economics
Share
The Federal Reserve voted unanimously today not to raise interest rates through the end of 2019, citing a slowdown in the pace of U.S. economic growth.
The central bank had indicated in December it would make two small increases to the key overnight lending rate during the year. Rates have been slowly increasing from a low near zero percent two years ago.
But the Fed says U.S. economic growth has “slowed from its solid rate in the fourth quarter.” Today’s decision leaves the index rate at 2.25%-2.50%. The bank contemplates one increase in the rate sometime in 2020.
RELATED CONTENT
-
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
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
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.