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The Fed Remains Steadfastly Accommodative, and Some Auto Loan Rates Are Lower

U.S. monetary policy was unchanged today as the Fed issued their official statement following their third meeting of 2021. The biggest changes in the official statement were in this section covering current conditions: “Amid progress on vaccinations and strong policy…

Auto Market Weekly Summary

The trend in new daily COVID-19 cases declined last week, but the pause in the administration of the Johnson & Johnson vaccine continued, causing the vaccination pace to slow. Late Friday, the pause was lifted, and Johnson & Johnson vaccines…

Auto Market Weekly Summary

The trend in new daily COVID-19 cases resumed increasing last week after stalling the week before. The FDA paused the administration of the Johnson & Johnson vaccine, but the vaccination pace still increased. Rising cases and negative news about vaccines…

Auto Market Weekly Summary

The trend in new daily COVID-19 cases stopped increasing this week after two weeks of growth. Improving conditions are leading to rollbacks of restrictions, and economic activity is picking up.  However, the jobless claims data last week were again mixed.…

Auto Market Weekly Summary

The trend in new daily COVID-19 cases continued to increase as new variants spread. Vaccination progress accelerated, and we passed a critical milestone of more than 100 million Americans having received at least one shot of a vaccine.  The severe…

Auto Market Weekly Summary

The trend in new daily COVID-19 cases is on the rise again as new variants are spreading rapidly in many areas. Economic activity is also increasing, which is likely contributing to the virus spread but is also helping to improve…

Auto Market Weekly Summary

The trend in new daily COVID-19 cases has stopped declining, but hospitalizations and deaths continue to fall. Improving conditions are leading to rollbacks of restrictions, and economic activity is picking up. But joblessness remains stubbornly high. Jobless claims mixed: The jobless…

Tax Season Starts Slow and Will Last Longer

Tax season is off to a slow start this year due to pandemic-related impacts and delays the IRS instituted related to when filings were accepted and when refunds would start to be issued. As a result, the current tax return…

Repossessions are Down, Thanks to Accommodations and Stimulus

The board of the Federal Reserve Bank met earlier this week and confirmed their decision not to move monetary policy and issued a statement seen by many as optimistic: “… indicators of economic activity and employment have turned up recently, although…

The Fed Upgrades Economic Forecast But Remains Steadfastly Accommodative

U.S. monetary policy was unchanged today as the Fed issued their official statement following their second meeting of 2021. The biggest changes in the official statement were in this section covering current conditions: “…indicators of economic activity and employment have…