Economic Update – November 24, 2023

Economic Update – November 24, 2023

1. 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...

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Economic Update – November 10, 2023

Economic Update – November 10, 2023

1. WEWORK BANKRUPTCY, CRE IMPACT • On November 6th, co-working trailblazer WeWork filed for Chapter 11 bankruptcy, bringing additional unease to an office sector battered from the residual effects of the remote-work revolution. • Over the previous decade, including...

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Economic Update – October 27,2023

Economic Update – October 27,2023

1. GROSS DOMESTIC PRODUCT • Real GDP rose by 4.9% during the third quarter of 2023, its fastest pace since the fourth quarter of 2021, according to the advanced estimate from the Bureau of Economic Analysis (BEA). • Continuing the post-pandemic storyline, robust...

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Economic Update – October 13, 2023

Economic Update – October 13, 2023

1. SEPTEMBER JOBS REPORT • The US economy added 336,000 new jobs in September, according to the Bureau of Labor Statistics, almost double the consensus forecasts. The unemployment rate remained unchanged at 3.8%. • September’s employment growth was the highest since...

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