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.

Producer Prices Declined 0.2% in May

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.

Fed Expected to Cut Rates Once in 2024

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

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.

Zeftron's Tim Blount to Retire

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

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.