Today's Flooring News

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Inflation Expected to Keep Fed Rate Hike Paused

Inflation Expected to Keep Fed Rate Hike Paused

New York, NY, October 27, 2023-"The Federal Reserve’s favorite inflation measure is estimated to show that price pressures picked up modestly last month amid a surge in economic growth, a strong labor market and a consumer spending splurge,” reports the Wall Street Journal.

Q3 GDP Rose 4.9%

Q3 GDP Rose 4.9%

Washington, DC, October 26, 2023—Real gross domestic product (GDP) increased at an annual rate of 4.9% in Q3 2023, according to the advance estimate released by the Bureau of Economic Analysis.