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
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
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.
-
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.