1. KEVIN WARSH JACKSON HOLE KEYNOTE In an August 28 keynote address at the annual Jackson Hole Economic Policy Symposium, Federal Reserve Chair Kevin Warsh offered his strongest signal yet on the Fed’s current policy stance, stating he would be “hard pressed to describe broad financial conditions as restrictive,” naming PCE as the inflation gauge …
1. CPI INFLATION According to the latest MSCI-RCA Commercial Property Price Index, US commercial real estate prices rose 0.2% year-over-year in July and 0.1% from June, implying an annualized pace of 1.2% and the slowest annual gain in the index since January 2025. CBD Office led all property types by a wide margin, rising 9.9% …
1. CPI INFLATION According to the Bureau of Labor Statistics, consumer prices rose 0.1% in July and rose 3.4% year-overyear, with both figures landing in line with consensus forecasts. Core CPI rose 0.2% in July after being unchanged in June, bringing the annual rate down to 2.5% from 2.6%. Shelter rose 0.1% for the month, …
1. GDP: Q2 ADVANCED ESTIMATE According to the advanced estimate released by the Bureau of Economic Analysis (BEA), real GDP grew at an annualized rate of 1.5% in the second quarter of 2026, down from 2.1% in the first quarter and below the consensus estimate of 2.1%. It is the second consecutive quarter of decelerating …
1. CPI INFLATION Consumer prices fell 0.4% on a seasonally adjusted basis in June, its largest single-month decline since April 2020, according to the latest CPI release by the Bureau of Labor Statistics. Prices rose 3.5% over the past 12 months. A retraction of energy prices drove the decline. The energy index fell 5.7% in …