With the labor market continuing to strengthen and economic activity rising at a solid rate, the Federal Reserve raised the Federal Funds Rate a quarter percentage point for the second time this year — putting the target for short-term rates in the 1.75 to 2% range.
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While depreciation is the biggest fleet expense, there are steps fleet managers can take before purchasing a vehicle, while it’s in the fleet, and when it’s being remarketed that can make this expense manageable.
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