You’ve probably heard the expression “fiscal measures” used repeatedly on the news lately. But what is it and how does it affect our industry? Simply put, a fiscal measure is when the government spends money and implements tax policies with the purpose of influencing economic conditions.

This information was originally presented at our June 2021 forum and is relevant today with the ongoing increase in interest rates. In this report we explain the history of the Federal Reserve, the new strategy for implementing monetary policy, and compare previous projections for construction costs to current bid prices.

The Federal Reserve continues to manage through the current turning point in its history. The unprecedented monetary and fiscal stimulus injected into the economy at the onset of the pandemic has had a rapid effect on financial markets, successfully preventing a sudden recession and hardship in the economy.

The unprecedented monetary and fiscal stimulus injected into the economy at the onset of the pandemic has had a rapid effect on financial markets, successfully preventing a sudden recession and hardship in the economy.