Emerging Trend Report Eyes on the Horizon: Taking Stock of CRE’s Short-Term Risks & Long-Term Outlook As borrowing costs rise and the US economic growth becomes less certain by the day, commercial real estate investors and consumers alike are searching for...

1. FED MEETING MINUTES • Minutes from the FOMC’s May 2-3 policy meeting showed that central bank policymakers were split on the decision to continue raising interest rates or pause increases during its most recent vote. • Ultimately, the decision to raise rates by 25...

1. CPI INFLATION • US annual inflation continues to decelerate through April. As reported by the BLS, the Consumer Price Index grew 4.9% year-over-year as of the most recent reading. The current pace of growth indicates a slowdown compared to the 5% year-over-year...

1. Q1 2023 GDP • The US economy grew at an annualized rate of 1.1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2.6% and registering well below the Dow Jones consensus forecast of 2.0%. • Growth in Q1 primarily...

1. CPI INFLATION • The Consumer Price Index (CPI) rose 0.1% month-over-month and 5.0% year-over-year through March, according to the Bureau of Labor Statistics’ latest release. It was the slowest monthly climb for prices since December. • Energy prices are down 6.4%...

1. INTEREST RATE IMPACT ON BANK SECURITIES AND CAPITAL • After recent distress in the banking sector, there is a risk that many of the small and mid-sized banks that hold the bulk of US commercial real estate loans may see a credit crunch, dampening liquidity in the...