Some of the brightest minds in the economic research area are on Wall Street, working for either major investment banks or business news services with a global following. As recently as a couple of weeks ago, they were issuing research that warned of a slowdown coming in the economy. One began their note by saying that after having boomed its…
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Following the Federal Reserve’s recent signaling of a single 2024 interest rate cut, Portland Cement Association (PCA) Chief Economist Ed Sullivan sees a return this year of two forces – one exposed to, the other mostly shielded from borrowing costs – that shaped 2023 private and public construction activity. High interest rates drove down residential and commercial building volume last…
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It is 2024, and another new year has us looking ahead at what might be in store for the construction materials and cement industries. If you gauge a year by production volume, you could say 2023 was a bit of a disappointment. A look at the latest cement production numbers from the U.S. Geological Survey (USGS) reveals that shipments for…
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There has been a confluence of events and happenings in the past few weeks that, when taken together, portend a much healthier 2024 than anyone could have imagined as recently as just this past fall. First, news about inflation has surprised everyone, as we witnessed a sharp decline in the rate of inflation in just the last couple of months…
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