US interest rates cut expected as housing starts and builder sentiment rise

The Tree Frog Forestry News
September 18, 2024
Category: Today's Takeaway

The US Federal Reserve is expected to cut interest rates today as housing starts and builder sentiment tick up. In other Business news: the BC Union of BC Municipalities conference focuses on forestry, as forestry unions seek action to protect jobs; the Grassy Narrow’s First Nation pans the Dryden pulp and paper mill; Georgia regulators approve Georgia Power’s biomass energy plan; Woodland Biofuels announced $1.35B biofuel plant at the Port of South Louisiana; and Weyerhaeuser announced a new partnership with The Nature Conservancy.

In other news: BC First Nation foresees economic benefits of tenure purchase; why caribou conservation in BC is challenging; the US’s misleadingly named ‘Fix Our Forests Act‘; and Norway says elevated radiation levels due to forest fire near Chernobyl. Meanwhile: COFI’s Linda Coady awarded King Charles III Coronation Medal.

Finally, Arkansas’ Dean MacKeith credited with mass timber’s progress, as Anthony Timberlands Center ‘tops out’.

Kelly McCloskey, Tree Frog Editor

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