Cox Automotive’s Q4 Automotive Dealer Sentiment Index finds dwindling optimism among retailers as escalating costs, prices and uncertainty affect profits and consumer confidence. +
The Consumer Confidence Index fell 5.4 points in June, led by a plummeting Expectations Index, which remains below the threshold said to “typically signal” an oncoming recession. +
The Federal Reserve maintained its 4.25% to 4.5% target rate for a fourth consecutive meeting, but the board remains committed to making two quarter-point cuts or one half-point cut by year’s end. +
Chairman Jerome Powell says the Federal Reserve will not reduce its target lending rate, holding at 4.25% to 4.5% as evolving economic and trade policies make future conditions difficult to predict. +
The Conference Board’s U.S. Consumer Confidence Index has fallen 7.2 points year-over-year to 92.9, weighed down by a 12-year low of 65.2 for the board’s Expectations Index. +
The Conference Board’s U.S. Consumer Confidence Index fell seven points to 98.3 in February, driven by an underwhelming short-term outlook for income, business and employment prospects. +
Few of the leading economists surveyed by Wolters Kluwer expect the Federal Reserve to announce an interest rate cut at its March meeting as inflation shows few signs of abating in 2025. +
Economist and Forbes contributor Jason Schenker lists five key trends that will determine the performance of dealers’ investment portfolios in 2025, including an accelerating GDP. +
