ECONOMIC UPDATE 2.23.2024

ECONOMIC UPDATE 2.23.2024

INFLATION According to the Bureau of Labor Statistics, the Consumer Price Index rose 0.3% month over month in January and 3.1% annually.  The monthly pace of CPI rose above market expectations and triggered a brief reversal in equity markets. Fed officials have also...

ECONOMIC UPDATE 2.9.2024

ECONOMIC UPDATE 2.9.2024

1. FOMC INTEREST RATE DECISION The FOMC left its benchmark federal funds rate unchanged at its January policy meeting as improving inflation and consumer expectations data has reduced the committee’s need to continue its monetary tightening. Still, the timing of...

ECONOMIC UPDATE 1.26.2024

ECONOMIC UPDATE 1.26.2024

Real US GDP expanded at a 3.3% annualized rate during Q4 of 2023, according to the advanced estimate from the US Bureau of Economic Analysis. The estimate surpasses the consensus projection of 2% and follows a 4.9% growth rate in Q3, bringing total 2023 US GDP to 2.5% compared to 1.9% in 2022.

ECONOMIC UPDATE 1.5.2024

ECONOMIC UPDATE 1.5.2024

1. DECEMBER JOBS REPORT US nonfarm payrolls increased by 216,000 in December, above November’s growth of 173,000 jobs and exceeding the consensus estimate of 170,000 according to the Census Bureau’s latest employment report. Meanwhile, initial jobless claims fell...

ECONOMIC UPDATE: Q4 by SVN RESEARCH

ECONOMIC UPDATE: Q4 by SVN RESEARCH

1. WEWORK BANKRUPTCY, CRE IMPACT • On November 6th, co-working trailblazer WeWork filed for Chapter 11 bankruptcy, bringing additional unease to an office sector battered from the residual effects of the remote-work revolution. • Over the previous decade, including...

SVN Shopping Mall Snapshot

The shopping mall once considered the pinnacle of consumerism, has been a much-maligned retail class over the past decade. In a 2017 Credit Suisse report, it was predicted that 1 in 4 malls would be closed by 2022. Ironic that most malls have outlasted that bank....