Rate Cuts Arrive as Western Michigan Construction Industry Retains Momentum
Thirty months after the Federal Reserve began raising interest rates to suppress inflation, it reduced the target range of the Federal Funds Rate by 50 basis points at its September […]
ABC Chief Economist Sees Looming Recession Despite First Half Optimism
The construction industry appears to be one of the few bright spots in an otherwise shaky economic landscape. According to the latest data released by the U.S. Bureau of Labor […]
Despite Headwinds, Western Michigan Contractors Have Reasons for Optimism
By Anirban Basu, ABC’s Chief Economist Despite high interest rates and tight lending standards, ongoing labor shortages, slumping activity in the retail, commercial, and multifamily segments, and relatively elevated materials […]
