Economic Update – January 16, 2025

Economic Update – January 16, 2025

1. END-OF-YEAR LOGISTICS ACTIVITY • The Logistics Managers’ Index (LMI) fell to 57.3 in December, its lowest level in four months. • According to the LMI report, a seasonal slowdown in inventory levels mostly drove the monthly decline. Still, underlying trends show...
Economic Update – December 19, 2024

Economic Update – December 19, 2024

1. INTEREST RATE DECISION • The Federal Reserve cut rates by another 25 basis points in December, its third consecutive rate cut as policymakers move into a more accommodative monetary stance as inflation cools and labor market performance comes more into focus. • The...
Economic Update – December 5, 2024

Economic Update – December 5, 2024

1. BLACK FRIDAY ACTIVITY • According to data from Mastercard’s SpendingPulse indicator, US Black Friday sales (excluding automotive sales) were up 3.4% this year compared to 2023. • Online retail sales rose 14.6%, while brick-and-mortar stores rose by a more modest...
Economic Update – November 21, 2024

Economic Update – November 21, 2024

1. 2025 COMMERCIAL REAL ESTATE OUTLOOK • According to Deloitte’s 2025 look-ahead, the current outlook for Commercial Real Estate is dominated by expectations surrounding global interest rates, renewed revenue sentiment, and the potential for industry-wide shifts in...
Economic Update – November 7, 2024

Economic Update – November 7, 2024

1. EMERGING TRENDS IN REAL ESTATE • Investors and developers should expect an upturn in fate for the commercial real estate industry as post-pandemic disruptions abate and positive cyclical forces reemerge, according to ULI-PwC’s Emerging Trends in Real Estate (ETRE)...
Economic Update – October 24, 2024

Economic Update – October 24, 2024

1. 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...