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Friday Flash 3/08/2024

The Coalition for Government Procurement

Like the FAR rule, the new DFARS rule: Modifies the definition of domestic end product, qualifying country end product, and domestic construction material by increasing the domestic content threshold to 65 percent for calendar years 2024 through 2028, and to 75 percent beginning in calendar year 2029.

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Government Contracts Inflation Update

Procurement Notes

The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight.” [50] On February 1, the FOMC announced the current federal funds rate range of 4.5 to 4.75% (with the current effective rate being approximately 4.57%). [48] Canada, U.K,