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Why the car market might be 'the harbinger' of when the Fed can pivot

Por: MarketWatch Business November 05, 2022

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But higher borrowing costs, so far, have done little to temper America’s demand for vehicles, one of the big-ticket items most households tend to finance. Households kept on spending during the pandemic, with the car-loan market , according to the New York Federal Reserve. “The used-car market is much stronger than I think people expected,” Ryan told MarketWatch. “Car prices for dealers are dropping, but that’s not true for... + full article



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