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Tag Archives: Federal Reserve
The Effect of Inflation on the Glass and Glazing Industry
The term “inflation” is now synonymous with 2022. Due to the COVID-19 pandemic, rising energy prices and supply chain issues, among other woes, inflation has steadily increased over the past two years. This has forced the U.S. Federal Reserve to … Continue reading
Posted in Featured News, News, Today's News
Tagged energy, Federal Reserve, fenestration, glass, glazing, inflation, supply chain
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US Inflation Hits 40-Year High in June as Consumer Prices Rise 9.1 Percent
Inflation rose to a 40-year high in June as consumer prices rose 9.1%, according to data released by the Labor Department on Wednesday. The rise marks the largest 12-month increase since November 1981. The increased inflation is driven by a … Continue reading
Posted in News, Today's News
Tagged AAA, consumer prices, Federal Reserve, gas prices, inflation, Labor Department, raw materials, supply chain issues
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US Job Openings Fell Slightly in May
The U.S. Bureau of Labor Statistics reported that job openings decreased to 11.3 million on the last business day of May. The U.S. Bureau of Labor Statistics revealed in its Job Openings and Labor Turnover Summary (JOLTS), which was released … Continue reading
Federal Reserve Hikes Interest Rates By 0.75% to Combat Rising Inflation
The Federal Reserve raised the stakes in the fight to combat rising inflation on Wednesday, hiking interest rates by 0.75% in an effort to douse cold water on historic inflation. The rate hike is the largest increase since 1994. This … Continue reading
Posted in Featured News, News, Today's News
Tagged Americans, car loans, China, combat, COVID, credit, credit cards, economy, Federal Reserve, Federal Reserve Chairman, Freddie Mac, Girard Glass, global economic activity, Guardian Glass, higher borrowing costs, home equity, interest rates, Jerome Powell, Lance Altizer, largest increase, mortgages, price increase, Rick Leserman, Rick Zoulek, rising inflation, Russia, supply chain, Ukraine
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Non-Residential Construction Starts Increase as Projects Enter Backlog
Construction starts are forecast to rise 9% in 2022, prompting Richard Branch, chief economist with Dodge Construction Network, to say he feels “reasonably positive” about the industry’s trajectory. But with many projects just now entering backlogs, some sectors may have … Continue reading
Posted in Featured News, News, Today's News
Tagged 2022, Amazon, backlogs, Bid prices, chief economist, commercial construction, construction starts, Data centers, Dodge Construction Network, Dodge Construction Network 2022 Mid-Year Outlook, Dodge Momentum Index, education starts, Federal Reserve, forecast, health care starts, hotel sector, inflation, institutional building starts, interest rates, labor shortage, pandemic, recession, retail sector, Richard Branch, rise, rural and suburban areas, sectors, solid recovery, Ukraine, Uncertainty, wait, war, warehouse starts, webinar, “real resurgence”
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