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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood Products / Global / North America
September 26, 2022

US lumber prices fell 10% after the Federal Reserve hiked interest rates

US lumber prices fell 10% after the Federal Reserve hiked interest rates
   US lumber prices extended their 2-day decline to 10% after the Fed hiked interest rates by 75 basis points on Wednesday.   The aggressive interest rate hike from the Fed helped solidify the recent surge in mortgage rates to above 6%.   "The lumber market continues to be in a state of overall malaise as buyers anticipate lower overall demand going forward," Sherwood Lumber said.    US softwood lumber prices fell 6% on Thursday, extending their two-day decline to 10% after the Federal Reserve hiked interest rates by another 75 basis ...

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