ECONOMIC UPDATE 3.29.2024

ECONOMIC UPDATE 3.29.2024

INDUSTRIAL’S LARGEST OPERATORS EXPAND According to an article by Commercial Observer, Industrial real estate heavyweights Prologis and Link Logistics are leading an ongoing expansion in warehouse use despite recent reports of a post-COVID boom slow in demand....
ECONOMIC UPDATE 3.15.2024

ECONOMIC UPDATE 3.15.2024

CURRENT ECONOMIC CONDITIONS (BEIGE BOOK) According to the March 6th, 2024, release of the Federal Reserve’s Beige Book, national economic activity increased over the previous six-week period. Eight of the twelve Federal Reserve districts reported slight to modest...
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...