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Auto dealerships enter 2025 with interest rates down 1 point, with another 0.5 points of Fed cuts expected

Federal Reserve Chairman Jerome Powell participates in a news conference Dec. 18, 2024.
Federal Reserve Chairman Jerome Powell announced Dec. 18 that it would cut its benchmark federal funds rate target range 0.25 points to 4.25 percent to 4.5 percent and Fed officials predicted another 0.5 points of cuts in 2025. (FEDERAL RESERVE)
JH
By:
John Huetter
January 13, 2025 01:00 PM

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