by SVN | Commercial Advisors, LLC. | Oct 24, 2024
ECONOMIC ACTIVITY REMAINS STEADY According to the October 23rd release of the Federal Reserve’s Beige Book Summary of National Economic Activity, activity has changed little in nearly all districts since early September, though two districts have reported modest...
by SVN | Commercial Advisors, LLC. | Oct 7, 2024
FED INTEREST RATE CUT The Federal Reserve cut its primary policy interest rate by 50 basis points (bps) in September to a target range of 4.75%-5%, the first interest rate reduction since policymakers began their fight against post-pandemic inflation in March 2022....
by SVN | Commercial Advisors, LLC. | Sep 18, 2024
CPI INFLATION According to the US Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) increased 0.2% month-over-month (MoM) in August, repeating July’s pace and in line with the consensus forecasts that led up to the data release. The annual CPI measure...
by SVN | Commercial Advisors, LLC. | Aug 29, 2024
FED POISED TO PIVOT The FOMC is poised to cut interest rates in September for the first time in over two and a half years, evidenced by recent statements from Fed Chair Jerome Powell and a 100% consensus forecast that has formed in futures markets. During a speech at...
by SVN | Commercial Advisors, LLC. | Aug 16, 2024
INFLATION According to the BLS, the US Consumer Price Index (CPI) reaccelerated on a monthly basis in July but continued to decelerate annually. Prices rose by 0.2% between June and July, following a decline of 0.1% the previous month. Prices decelerated to 2.9%...
