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Alabama. Average APR for a used SUV: 12.42% Average APR for a used truck: 11.22% Average APR for a used electric vehicle: 7.43% Average APR for a used sedan: 14.56% State average APR for a used ...
Average interest rates on credit cards have been running at more than 21% this year, according to Fed data. Fed rate cuts will help, but prices for goods and services may remain uncomfortably high ...
The UCLA Anderson forecast has predicted federal funds rates dropping under 5% next year and down to an average of 4.4% in 2026. The Fed had increased its target rate 11 times starting in March ...
The annual capacity of the industry is 17 million cars; sales in 2008 dropped to an annual rate of only 10 million vehicles made in the U.S. and Canada. All the automakers and their vast supplier network account for 2.3% of the U.S. economic output, down from 3.1% in 2006 and as much as 5% in the 1990s.
In August 2007, Committee announced that "downside risks to growth have increased appreciably," a signal that interest rate cuts might be forthcoming. [4] Between 18 September 2007 and 30 April 2008, the target for the Federal funds rate was lowered from 5.25% to 2% and the discount rate was lowered from 5.75% to 2.25%, through six separate actions.
January 22, 2008: The US Federal Reserve cut interest rates by 0.75% to stimulate the economy, the largest drop in 25 years and the first emergency cut since 2001. [119] January 2008: U.S. stocks had the worst January since 2000 over concerns about the exposure of companies that issue bond insurance. [120]
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