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

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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

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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

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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

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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

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