DECEMBER 16, 2022 Economic Update

1. FOMC INTEREST RATE DECISION  On December 14th, the Federal Reserve’s policy-setting committee raised their target Federal Funds Rate (FFR) range by 50 basis points to 4.25%-4.50%, slowing their speed of rate increases after four consecutive 75 basis point hikes — an apparent response to evidence of slowing inflation. In their statement accompanying the FOMC …

NOVEMBER 10, 2023 Economic Update

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 before the pandemic, many office landlords around the world looked to the co-working giant as the future of …