Producer Prices Declined 0.2% in May
Washington, DC, June 13, 2024-The Producer Price Index for final demand declined 0.2% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Fed Expected to Cut Rates Once in 2024
New York, NY, June 13, 2024-"Federal Reserve officials penciled in just one interest-rate cut for this year, indicating most are in no hurry to lower rates, even after a widely watched report Wednesday showed inflation improved last month,” reports the Wall Street Journal.
Initial Jobless Claims Rose 13,000 in Week Ending June 8
Washington, DC, June 13, 2024—In the week ending June 8, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 13,000 from the previous week's unrevised level of 229,000, according to the Department of Labor.
Cali to Open New Pacific Northwest Distribution Center
San Diego, CA, June 13, 2024—Cali will open a new distribution center in the Pacific Northwest in July 2024.
Zeftron's Tim Blount to Retire
Dalton, GA, June 12, 2024-After more than four decades with Zeftron nylon, executive Tim Blount announced he will retire, effective June 15.
Inflation Eased to 3.3% in May
Washington, DC, June 12, 2024—The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May on a seasonally adjusted basis, after rising 0.3% in April, the U.S. Bureau of Labor Statistics reported.
Mortgage Applications Rose 15.6% in Week Ending June 7
Washington, DC, June 12, 2024—Mortgage applications increased 15.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 7, 2024.
California's AB 863 Now in Print
Sacramento, Ca, June 12, 2024-California’s AB-863-which outlines carpet and flooring recycling, producer responsibility organizations, fines, succession, training-is in print.
IIDA Launches Certified Design Futurist Program
Chicago, IL, June 12, 2024—The International Interior Design Association (IIDA) has announced the launch of the IIDA Certified Design Futurist program (CDF)—an educational opportunity, expanding the forward-looking nature of design into a core foresight capability that provides significant value to designers, firms and their clients.
Class Action Suit Launched Against RW Supply and Design
Warren, NJ June 12, 2024—A class action lawsuit has been launched against RW Supply and Design for the misrepresentation of the geographic origin of its Teckton wood flooring, according to ClassAction.org.