Fed leaves interest rates unchanged; dealers say high rates are still a problem

The Federal Reserve Bank of New York headquarters building — Sixty percent of franchised dealers polled in late January and early February for Cox Automotive’s quarterly Dealer Sentiment Index survey called interest rates a problem for their business. The Federal Reserve Bank of New York is shown. (GETTY IMAGES)

March 19, 2025 06:36 PM

The Federal Reserve on March 19 announced no changes to the central bank’s benchmark interest rate policy after its second Federal Open Market Committee meeting of 2025. The Fed also made no changes to the rate at its Jan. 29 meeting.

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