Chart of the Week: Target and Projected Fed Funds Rate

Federal Open Market Committee (FOMC) projections from the June 2025 meeting show that members expect increases in both the unemployment rate and inflation throughout the course of this year, as well as slightly weaker economic growth.

Planning for Commercial Building Grows, Dodge Finds

The Dodge Momentum Index grew 3.7% in May to 211.2, indicating an increase in planning for both commercial and institutional buildings, the Dodge Construction Network reported.