Economic Update – February 13, 2025
1. CPI INFLATION • Consumer prices rose 0.5% from December and 3.0% year-over-year, according to the latest data from the Bureau of Labor Statistics. • The typically more volatile food and energy prices were key contributors to the increase, but core prices, which...
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
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
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
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
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)...