Mexican Media Brands
Federal Reserve Signals Pause in Interest Rate Hikes
The Federal Reserve agreed unanimously today to leave overnight lending rates unchanged and indicates it is “patient” about further increases.
#economics
Share
The Federal Reserve agreed unanimously today to leave overnight lending rates unchanged and indicates it is “patient” about further increases.
The decision reversed the central bank’s position in mid-December, when the Fed indicated that it would probably raise rates twice this year. The current rate is a range of 2.25%-2.50%. The Fed implemented four quarter-point increases in 2018.
Fed Chairman Jerome Powell explains that the justification for additional increases “has decreased somewhat” because of weakening consumer sentiment and slowing growth for the global economy.
Still, he says the Fed expects a “solid pace” of growth for the American economy. He also says the bank’s primary goal is to sustain economic expansion.
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
-
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.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.