ECONOMIC UPDATE 11.7.2024

ECONOMIC UPDATE 11.7.2024

EMERGING TRENDS IN REAL ESTATE Investors and developers should expect an upturn in fate for the commercial real estate industry as postpandemic disruptions abate and positive cyclical forces reemerge, according to ULI-PwC’s Emerging Trends in Real Estate (ETRE) report...
ECONOMIC UPDATE 10.24.2024

ECONOMIC UPDATE 10.24.2024

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...
ECONOMIC UPDATE 9.27.2024

ECONOMIC UPDATE 9.27.2024

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....
ECONOMIC UPDATE 9.12.2024

ECONOMIC UPDATE 9.12.2024

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...
ECONOMIC UPDATE 8.29.2024

ECONOMIC UPDATE 8.29.2024

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...