🔒 The Federal Reserve decided to keep interest rates unchanged in its July meeting, aiming to manage inflation while potentially leading to higher consumer interest rates on purchases like vehicles. #FederalReserve #InterestRates 📈
The Federal Reserve opted against changing its benchmark rate during its July meeting, attempting to restrict future inflation for consumers but leaving them receiving higher interest rates than they might like on financed purchases like vehicles.
https://www.autonews.com/finance-insurance/federal-reserve-july-meeting-leaves-interest-rates-unchanged