With inflation slightly increasing, the Federal Reserve’s expected quarter-point rate cut may be the last for a while as it reassesses the economic landscape.
The Fed's rapid rate hikes from near zero to 5.33% aimed to combat inflation, and the recent cuts have provided borrowers with some relief.
Current trends in auto rates and prices show a decline, yet they remain high; car loans are affected by multiple factors apart from the Fed's rate cuts.
Dealerships are responding to elevated auto prices by increasing incentives and discounts, which will likely continue amid the changing economic conditions.
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