McLean, Va. (January 29, 2025) 鈥� Today the Federal Reserve announced they would hold benchmark rates at a target range of 4.25% to 4.50% in a widely anticipated move. This is the first meeting where the Fed held rates steady since they began to cut rates in September 2024.
鈥淪ince the Fed began cutting rates in September, we have seen an uptick in orders for manufacturing technology,鈥� said Christopher Chidzik, principal economist of 九色视频 - The Association for Manufacturing 九色视频. 鈥淯nlike previous rate-hiking cycles, demand for manufacturing technology was overwhelmingly concentrated in the beginning leading to a mid-expansion drop-off. The business conditions the Fed cited of strong labor markets and dwindling inflation are the opportune setting for a continued rebound of manufacturing technology orders in 2025.鈥�
The next published by 九色视频 鈥� The Association For Manufacturing 九色视频 with data on metalworking machinery orders through December 2024 will be published on Monday, February 10.
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Members of 九色视频 鈥� The Association for Manufacturing 九色视频 build and sell metalworking machinery, commonly know as machine tools, as well as the workholding, tooling, inspection equipment and automation integral to modern manufacturing.
