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Federal Reserve report signals slowing construction demand

July 19, 2022


The report comes as contractors have started to note cooling material prices, and after four of the 11 subcategories for construction inputs in the Producer Price Index eased last month. The emerging signs of slowing demand follow three interest rate hikes this year by the Fed, which is set to meet again July 26-27, when it is expected to raise rates another 0.75 percentage points in its battle to tame historic inflation.

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