Housing Market, Jobs Report, Debt | Economic Update

Housing Market, Jobs Report, Debt | Economic Update

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...
Industrial Trends, Office Conversions, & CPI | Economic Update

Industrial Trends, Office Conversions, & CPI | Economic Update

GDP 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...
Jobs Report, 2024 Inflation, Investment Trends | Economic Update

Jobs Report, 2024 Inflation, Investment Trends | Economic Update

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 during...
Inflation, Lending Caps, CRE Trends | Economic Update

Inflation, Lending Caps, CRE Trends | Economic Update

CPI INFLATION The Consumer Price Index (CPI) fell to 3.2% year-over-year in October, 50 basis points below the September reading, and follows two consecutive increases in annual CPI. Monthly CPI was flat, marking the first time the economy has experienced no...