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Few components of the U.S. economic system better illustrate the advantages and perils of the Federal Reserve’s near-zero curiosity-rate insurance policies than the auto industry, and few can be as exposed to the fallout if central financial institution officials determine this week to end America’s seven-yr period of rock-backside borrowing costs.
The ruble has lost about half its value in opposition to the dollar since 2013, making imports of every kind, together with auto components and absolutely assembled automobiles, far more expensive for Russian shoppers, already combating a giant bout of inflation on day-to-day items.
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