1. FIRST-QUARTER GDP • The US economy expanded by a 1.6% annualized rate during the first quarter of 2023, according to the latest data from the US Bureau of Economic Analysis. • First quarter GDP fell short of most estimates. Economists surveyed by Bloomberg, on...

1. HOMEBUYERS ADJUSTING TO HIGHER INTEREST RATES • A new survey by Fannie Mae suggests that home buyers are gradually adjusting to higher mortgage rates despite increasingly negative sentiments about the housing market. • Fannie Mae’s Home Purchase Sentiment Index...

1. 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. •...

1. 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...

1. 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...

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...