HIGH POINT, N.C.—Furniture retailers attending High Point Market are more optimistic than they were a year ago, with just more than 45 percent of them saying they expect furniture purchasing volume to increase in the second half of 2019.
TD Bank’s fourth-annual furniture retailer survey shows optimism in the furniture industry, with a majority of retailers (45%) expecting furniture sales to increase through 2019.
The study, conducted during High Point Market, shows that optimism has increased since 2017, when just 35% of retailers expected furniture sales to increase.
According to the fourth annual survey from TD Bank, furniture retailers remain optimistic and expect furniture sales to increase. The survey was conducted at the High Point Fall Market and found that a majority (45%) expect furniture sales to increase through 2019 – an increase from 2018’s fall market (35%) – reflecting growing confidence from retailers, despite whispers of the looming economic downturn.
There they go again. For the third time in about three months, the Federal Reserve has cut interest rates — a move that's likely to have an impact on the credit cards in your wallet and maybe your monthly house payment, to name a couple of examples.
The Federal Open Market Committee decided to cut the federal funds rate yet again today, lowering its target range to 1.5% to 1.75%. This marks the third time the Fed has cut rates in as many months.
According to the FOMC itself, “Although household spending has been rising at a strong pace, business fixed investments and exports remain weak.” The Committee also noted “implications of global developments” and “muted inflation pressures” as reasons behind the change.
The reduction was largely anticipated by experts and is the third consecutive cut from the Committee. The trend began at the FOMC’s July meeting, when the majority of members voted for the first rate cut in nearly a decade.