Get Our Email Newsletter

Fed Raises Interest Rates

A statement released today by the Federal Reserve indicated that the Federal Open Market Committee voted unanimously to raise the target range for the federal funds rate to .25% to .75%, effective Dec. 15, 2016.

The Fed stated that this move to raise interest rates supports further strengthening of labor market conditions and a return to 2% inflation.

“Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been expanding at a moderate pace since mid-year,” the statement said.

LBM Resources

White Paper: How LBM Dealers Can Attract, Retain, and Empower Their Teams

In a Time of Labor Shortage, Do More with Fewer People

Read the full story at HousingWire.

 

Get our free newsletter

Join thousands of other lumber and building material industry leaders and keep up with the companies, people, products and issues shaping the industry.

What's New

Digital Partners

Become a digital partner ...

Sales Comp Study

Download this 55-page, in-depth study by LBM Journal of industry trends in sales force compensation and benefits. See how your organization stacks up.

Webinars

- Advertisement -

White Papers

View all ...

- Advertisement -

Partner Content

View all ...

- Advertisement -