Tag: inflation
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Fed holds main rate steady, forecasts higher inflation, slower growth
Dive Brief: The Federal Reserve on Wednesday kept the main interest rate at a range between 4.25% and 4.5% while forecasting higher inflation and slower growth for 2025. In a median forecast, Fed officials estimated that their preferred measure of inflation — the core personal consumption expenditures price index less volatile food and energy prices…
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Inflation heats up to 3% as Trump calls on Fed to cut main rate
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Consumer prices rose last month at a 3% annual pace, higher than expected and the biggest gain since June, according to a government report released Wednesday, soon after President Donald Trump called on the Federal…
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What concrete costs tell us about construction inflation
Ready-mixed concrete also serves as an interesting indicator of local construction inflation. While its price is affected by global commodity markets and energy costs, it cannot be transported over long distances due to its short shelf life. This necessitates domestic production, making the price of ready-mixed concrete sensitive to local factors such as the cost…