Tag: Federal Reserve

Dealers

Strong construction market to continue with rising equipment sales, no recession, reports Wells Fargo

Wells Fargo is predicting another strong year for the heavy equipment and construction industries. Get more information on the report here on Equipment World.

March 1, 2019

Business

PCA construction industry forecast: Main Street rock solid despite issues elsewhere

PCA executive vice president and chief economist says construction industry is doing well despite uncertainty amidst government shutdown. Details here.

January 24, 2019

Construction Equipment

Why it will cost $14,000 more this year to buy a $250,000 machine

After the Federal Reserve increased interest rates to 2.25% in September, it will cost $14,000 more in 2018 to buy a $250,000 machine. Learn more here.

November 29, 2018

Roadbuilding

Big Bang Theory for Highway Grants

Give a state a fish… no wait.  Teach a state to fish. Consider this: for every dollar in federal highway grants received by a state, that state’s GSP (gross state product) rises by at least two dollars. That’s in good times. In bad times the multiplier is bigger. A new report from the Federal Reserve […]

November 27, 2012

Roadbuilding

39K jobs added in November; 9.8 percent unemployment

Just as the Federal Reserve decides to add more money into the economy to stimulate growth, unemployment rates rose unexpectedly as employers added fewer jobs in November than originally forecast, according to a Bloomberg News report. However, the news agency surveyed economists, and the latest employment numbers, are less than the economists most pessimistic projections. […]

December 3, 2010

Home

39K jobs added in November; 9.8 percent unemployment

Just as the Federal Reserve decides to add more money into the economy to stimulate growth, unemployment rates rose unexpectedly as employers added fewer jobs in November than originally forecast, according to a Bloomberg News report. However, the news agency surveyed economists, and the latest employment numbers, are less than the economists most pessimistic projections. According to Bloomberg News, payrolls increased 39,000. The jobless rate rose to 9.8 percent -- the highest since April, according to the U.S Department of Labor figures.

December 3, 2010

Business

Fed ready to stimulate economy more, Bernanke says

Federal Reserve Chairman Ben S. Bernanke on Oct. 15, made a case for the central bank to take further action to bolster growth, citing the risks of prolonged high unemployment and a U.S. economy slipping into a deflationary spiral, the Los Angeles Times reported. In a much-anticipated speech in Boston, Bernanke did not spell out […]

October 20, 2010

Roadbuilding

Financial District: State and Local Coffers Taking Major Hits

States facing almost unprecedented income shortages are getting worried that they may be unable to meet matching requirements when looking for federal dollars.

November 1, 2009