The Federal Reserve Board (the Fed) believes the U.S. economy has slowed, although it remains exceptionally strong and inflation remains a concern.
The Fed’s report on the performance of the economy, known as the Beige Book, was released Wednesday.
The Beige Book report and earlier comments by individual Fed members have led many Wall Street analysts to forecast that the Fed will not raise interest rates when it meets again on June 27-28.
As a result of Fed actions earlier this year, the prime interest rate now is 9.5%, a level that may have led some potential RV buyers, particularly retirees who depend upon the stock market for a large share of their income, to delay their purchases, according to some RV industry observers.
Higher interest rates have played a significant role in the stock market’s volatility, according to market analysts.