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“Contractors welcome rate cut, push for more: Firms said the quarter-point reduction will provide a meaningful confidence boost, especially for private projects”

Contractors finally got the news they had been waiting on, a rate cut that could rouse the sleeping construction market. The Federal Reserve cut its benchmark interest rate by 25 basis points on Wednesday afternoon. The move should provide the construction industry with a much-needed confidence boost and push nearly ready projects across the starting line...

Notable highlights/quotes:

• It could “finally wake up the bear from its slumber.”

• “I think this rate cut is just going to do wonders, certainly for the economy.”

• “Probably not as big a cut as we like, but we know how they can stack up over time in terms of the reductions.”

• “A cut often has a psychological impact. It boosts confidence.”

• “Even if the math only changes slightly, it can make owners feel better about taking the plunge. That’s important in construction, because sentiment and timing drive just as much as numbers on a spreadsheet.”

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Read More Here: https://www.constructiondive.com/news/contractors-interest-rate-cut-push-more/760293/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202025-09-17%20Breaking%20News:%20Construction%20%5Bissue:76938%5D&utm_term=Construction%20Dive