Tag: Steady
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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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Automated Grade Control’s Steady Plow Toward Full Autonomy
It’s a bit of a stretch to realize zero human interaction in the operation of heavy construction equipment. However, make no mistake. The move is on to make it happen. An operator controls an excavator using a belly box.CaterpillarCaterpillar started its research on autonomous trucks in the 1990s, leading to the production of its first…