Statement from the Equipment Leasing and Finance Association on the Federal Funds Rate Cut

The Equipment Leasing and Finance Association released the following statement regarding the Federal Reserve's action:

"In response to today's interest rate news, we remain optimistic about the demand for equipment financing. Lower rates are expected to sustain demand, even as the economy cools. Credit quality is strong and our Monthly Leasing and Finance Index shows continued investment momentum. ELFA members are dedicated to providing flexible financing solutions that empower businesses and drive growth in the broader U.S. economy."

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About ELFA
The Equipment Leasing and Finance Association (ELFA) represents financial services companies and manufacturers in the $1 trillion U.S. equipment finance sector. ELFA's 575 member companies provide essential financing that helps businesses acquire the equipment they need to operate and grow. Learn how equipment finance contributes to businesses' success, U.S. economic growth, manufacturing and jobs at www.elfaonline.org.