This is a news story, published by ABC News, that relates primarily to The Federal Reserve news.
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82% Informative
The Federal Reserve indicated Wednesday that it's likely to cut rates more slowly in 2025 .
The policymakers now envision two rate cuts next year , not the four they predicted back in September .
Loan rates may barely budge if the Fed sticks with its plan to cut its key short-term rate only twice next year .
For people with fixed mortgages, their rate won't change unless they refinance their mortgage or sell.
The average amount that a car buyer financed rose to $ 42,160 , and average monthly payments hit $ 753 .
Edmunds expects only a modest increase in auto sales next year , from just under 16 million vehicles this year to 16.2 million in 2025 .
“ The Federal Open Market Committee is in a balancing act — cut (rates) too much and risk inflation resurgence; cut too little and continue to squeeze the labor market," says NerdWallet .
VR Score
89
Informative language
90
Neutral language
85
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English
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Attention-grabbing headline
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