Published

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

  • Porsche Doubles EV Target for 2025

    Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.

  • Enterprise Edges into Self-Driving Car Market

    U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.

  • Inside Ford

    On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.

Gardner Business Media - Strategic Business Solutions