Economic Update – August 25, 2023
1. AI AND COMMERCIAL REAL ESTATE • A recent article by MSCI Real Capital Analytics suggests that despite the growing concern about AI’s potential impact on commercial real estate, a balanced view should be taken that considers both the economic risks of AI and its...
Economic Update – August 11, 2023
1. CPI INFLATION • The Consumer Price Index (CPI) rose 3.2% from one year ago, roughly in line with last month’s increase and climbing just 0.2% month-over-month. • Core prices, which exclude food and energy rose 4.7% year-over-year, the lowest annual increase since...
Economic Update – July 28, 2023
1. FED INTEREST RATE DECISION • On July 26th, The Federal Reserve raised their benchmark interest-rate by 25 bps, reversing a pause in rate-hikes that occurred in June. • While the June pause was intended to start a “wait and see” approach by officials, their meeting...
Economic Update – July 14, 2023
1. INFLATION • The consumer price index (CPI) rose by 0.2% month-over-month and 3.0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. June’s monthly pace was a slightly uptick from May, but inflation continued to trend...
Economic Update – June 30, 2023
1. INTEREST RATE OUTLOOK • Despite the Federal Reserve’s decision to hold rates constant at their June meeting, current market forecasts project an 81.8% chance that the FOMC will move forward with a 25-basis point hike in July, according to the Chicago Mercantile...
Economic Update – June 16, 2023
1. FED INTEREST RATE DECISION • On June 14th, The Federal Reserve announced a pause in interest-rate increases as it assesses the effects of its tightening efforts on the economy, holding the target federal funds rate at 5.0-5.25% while signaling the likelihood of...