The Federal Reserve cuts interest rates, manufacturing, steel structure factory.
11/07/2023
The Fed's own projections, as shared in the Summary of Economic Projections on September 20, see short-term rates around 5% at the end of 2024. Markets broadly anticipate a 1% decline in the Fed funds rate to between 4% and 5% by the end of 2024, with cuts most likely starting in June or later. The global manufacturing industry is currently at a trough. With the news that the Federal Reserve is about to cut interest rates, the currencies of various countries have appreciated to a certain extent. The manufacturing industry will usher in a recovery in 2024, and raw materials will see a certain increase. It is worth noting that the space for currency appreciation in various countries may be lower than the space for growth of raw materials. At present, China's steel raw materials are rising, so currently it is the best time to invest in manufacturing factories and build factory and warehouse. Gefan Building Materials Co., Ltd. is committed to helping global customers with one-stop solutions for factory construction.
