Economic Overview: U.S. consumer prices increased more than expected in March as Americans continued to pay more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would delay cutting interest rates until September. The third straight month of strong consumer price readings reported by the Labor Department on Wednesday also […]
Economic Overview: The resilience of the U.S. economy really has been remarkable when you consider how much consumer prices have gone up and how aggressively the Federal Reserve has raised interest rates, this according Capital Group U.S. economist Jared Franz. Also, according to Franz – It is a testament to the American consumer and labor market […]
Economic Overview: According to Forbes, The Federal Reserve did an excellent job bringing down inflation in 2023 while avoiding a U.S. economic recession. Investors now anticipate the Federal Open Market Committee, or FOMC, will pivot from rate hikes to rate cuts by mid-2024. However, Fed officials have repeatedly cautioned that the FOMC’s battle with inflation […]
Economic Overview: After defying recession fears this year, the US economy is forecast by Goldman Sachs Research to beat consensus expectations in 2024. US GDP is projected to expand 2.1% in 2024 on a full-year basis, Goldman reaffirmed its longstanding view that the probability of a US recession is at just 15% over the next […]
Economic Overview: A broad slowdown in inflation continued in October, this may end likely the Federal Reserve’s interest-rate increases. This according to the Wall Street Journal. Consumer prices overall were flat last month and rose 3.2% from a year earlier, a slower pace than in September as prices for gasoline fell, the Labor Department reported. […]
Economic Overview: War threats increasing as Israel fights off Hamas and Ukraine defends Russian Invasions. Nonfarm payrolls increased by 336k for the month, better than the Dow Jones consensus estimate of 170k.. The unemployment rate is 3.8%, compared to the forecast for 3.7%, Leisure and hospitality led job growth, followed by government and health care. […]
Economic Overview: Treasury yields have declined this week after August CPI inflation mostly met expectations, supporting forecasts that the Fed will keep rates unchanged this month with chances of a hike in November. The increase was mostly attributable to a spike in gasoline prices in August, that increase should be temporary, economists said. This is […]
Economic Overview: As of August 2023 YTD, the economy continued to grow, although the pace has clearly slowed. Still, real GDP growth is positive; changes in nonfarm payrolls remain above trend rates; unemployment rates remain near the lowest levels since the 1960s; and consumers are becoming a bit more optimistic. As per Goldman Sachs. The […]
Waterstone Defeasance recently closed a defeasance transaction for a $3.9 million CMBS loan, secured by a retail property in Richmond, VA. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. “Retail properties continue to trade during these challenging times, location, location, location. Owners continue to reposition retail properties […]
Economic Overview: US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday (July 12th) by the Bureau of Labor Statistics, that is a sharp cooldown from June of last year, when surging energy costs helped inflation spike to 9.1% Inflation, as measured by the CPI, has now eased […]