MetroIntelligence Economic Update by P. DUFFY Fed pauses rate hikes, revises economic projections As expected, although the Federal Reserve did opt to keep interest rates higher for now, its revised economic projections also show more stubborn core inflation, prompting higher Federal Funds rates through 2025 than forecast in March. The new projections show the Federal Funds rate for 2023 rising from 5.1% to 5.6% (signaling further hikes ahead this year), falling to 4.6% in 2024 (up from 4.3% in March) and 3.4% in 2025 (up from 3.1% in March).…
Read MoreMonth: June 2023
Best Builders Explain Their Custom Home Tips
Building someone’s dream home can be a little nerve-wracking at times and cause a variety of emotions. Although there may be some unexpected surprises or unwanted ones, there are some ways you can be prepared. Here is advise from some of the top homebuilders on what to expect and handle building a home. According to D Magazine, “Patiently letting the preconstruction process play out. All parties, including your builder, are excited to get shovels in the ground. With that said, ensuring you take adequate time to get plans correct in…
Read MoreA. O. Smith Launches Second Quarterly Contractor Promo
A. O. Smith, a leader in water heating and treatment products, announced its second-quarter promotion for wholesale channel partners and their customers. Each quarter this year, the brand is partnering with wholesalers across the country to offer incentives for contractors who purchase select products. The second quarter promotion kicks off May 15th and runs through June 30th. During this time, contractors who purchase an A. O. Smith ProLine® or ProLine® Master tank water heater at a participating wholesale counter location will receive a credit toward tools. Contractors will receive one credit for…
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