Long-Awaited Cut Has Positive Implications for Commercial Real Estate and Consumers After reducing the overnight lending rate by 50 basis points in September, the Federal Open Market committee opted to cut again by half that margin at the November meeting. This returns the target lower bound to 4.5 percent — [...]
Long-Awaited Cut Has Positive Implications for Commercial Real Estate and Consumers The Federal Open Market Committee (FOMC) slashed the the federal funds rate by 50 basis points during its September meeting, setting the lower bound at 4.75 percent. The first cut since March 2020, this decision reflects the Fed's confidence [...]
Mild Unemployment Dip Eases Recession Fears While Job Growth Remains Tepid National unemployment fell by 10 basis points month-over-month to 4.2 percent in August, alleviating some recession concerns following a notable jump in July. Driving the August decline was a moderation in the number of people on temporary layoff. The [...]
Eases in Pricing and Hiring Pressures Pave Way for First Steps Toward Lower Rates Headline CPI increased 2.5 percent year over year in August — its smallest annual gain since February 2021. This slowdown is in part fueled by a 4.0 percent drop in energy prices. Removing that category along [...]
Pricing pressures fell to over three-year low. The creation of 206,000 jobs in June brings total net hiring for the second quarter to 532,000, the lowest three-month total for employment growth since January of 2021. Much of the recent hiring slowdown has come from industries tied to the business cycle, [...]
Job creation supported by business-cycle-agnostic sectors. The creation of 206,000 jobs in June brings total net hiring for the second quarter to 532,000, the lowest three-month total for employment growth since January of 2021. Much of the recent hiring slowdown has come from industries tied to the business cycle, including [...]
Total employment increased by 272,000 in May, coming in above the average monthly gain year-to-date. Despite this uptick in job creation, there are several signs that overall labor demand is cooling and moving closer in line with labor supply. Nearly half of last month’s hiring was concentrated in just two [...]
Key CPI measures resume descent. Annual growth in the headline and core consumer price indices — the latter of which omits food and energy — lowered to 3.4 and 3.6 percent in April, respectively. While bumpy inflation over the last few months curbed Wall Street expectations for near-term overnight lending [...]
The net-lease sector remains well positioned as an expectations-exceeding labor market is supporting real-term increases in retail spending. This dynamic is aiding patronage at stores and fueling retailer demand for space, with the single-tenant sector ranking as the least vacant commercial real estate segment. Should these trends continue amid a [...]
Consumer durability has sector on solid footing. Store-based retail sales in April — which exclude purchases made online and at restaurants and bars — ranked as the second-highest total on record. While inflation and consumers’ prioritization of groceries played a large role, the onset of spring also had an impact. [...]
