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...

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....