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Federal Reserve is likely to slow its rate cuts with inflation...

WASHINGTON (AP) – Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting....

Federal Reserve raises key rate for 11th time by a quarter-point

WASHINGTON (AP) – The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that...
IN THE DRIVER’S SEAT: Frederick Reinhardt, CEO and president of Greenwood Credit Union, says more people were turning to Greenwood and other credit unions for auto loans as interest rates changed over the last year. 
PBN PHOTO/­MICHAEL SALERNO

Suddenly, auto loans popular at credit unions

Frederick Reinhardt immediately noticed something was up – way up – last year shortly after the Federal Reserve began hiking interest rates from nearly...
ROBOTS ASSEMBLE frames for the Sonata and Elantra vehicles at the Hyundai Motor Manufacturing Alabama. /BLOOMBERG NEWS PHOTO/LUKE SHARRETT

Wall Street hands automakers another problem, in the loan market

NEW YORK - On countless occasions in recent years, the U.S. auto industry has relied on cheap and easy credit from Wall Street to get...
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