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 …
1. 3RD QUARTER GDP Real GDP expanded by a seasonally adjusted annualized rate of 4.3% during the third quarter of 2025, according to the latest estimate from the Bureau of Economic Analysis. Growth was well above the 3.3% consensus estimate, propelled by expanded consumer and government spending. Consumer spending grew at a 3.5% annual pace, …
1. FED INTEREST RATE DECISION The FOMC cut the benchmark Federal Funds rate by 25 basis points at their December policy meeting. It was the committee’s third consecutive rate cut, widely expected by markets. The decision was made along a 9-3 vote, the most divided the FOMC has been on a vote in over six …
1. ANNUAL CRE PRICE GROWTH CLIMBS According to the MSCI-RCA Commercial Property Price Index, which measures repeat-sales transaction pricing, CRE prices are up 4.2% year-over-year through October, its largest annual increase in three years. Commercial property prices rose 0.8% on the month, bringing the annualized rate to 10.7%. Notably, however, deal volume fell 22% in …
1. EMERGING TRENDS IN REAL ESTATE According to the 2026 Emerging Trends in Real Estate Report by ULI-PwC, some of the industry’s key themes heading into next year include the foggy outlook for capital markets, niche asset classes becoming more essential, demographic shifts that will define demand, and the growing influence of artificial intelligence. For …
1. CPI INFLATION According to a delayed release of the Bureau of Labor Statistics’ September Consumer Price Index Report, prices rose 0.3% month-over-month, a softer pace than most analysts had expected. However, consumer prices rose 3.0% year over year, a slight uptick from August. Core-CPI inflation increased 0.2% from August, below market expectations of 0.3%. …
1. OCTOBER EMPLOYMENT UPDATE In lieu of the usual monthly employment report from the Bureau of Labor Statistics, recent private jobs data illustrate persisting labor market weakness during September. The ADP National Employment report, which tracks private payrolls, showed a decline of -32,000 jobs during September and follows a reported decline of 3,000 jobs in …
1. FED INTEREST RATE DECISION The Federal Reserve cut the benchmark Federal Funds rate by 25 basis points at its September meeting, with just one official dissenting in favor of a larger, 50-basis-point cut. The Fed’s latest Summary of Economic Projections — released alongside the rate decision — lowers its forecast for next year’s interest …
1. CONSUMER PRICE INDEX According to the Bureau of Labor Statistics, the consumer price index rose 0.4% month-over-month and 2.9% year-over-year in August, roughly in line with market estimates. While both the monthly and annual CPI rates were higher than in July, the marginal acceleration in inflation pressures is unlikely to dissuade the FOMC from …
1. CPI INFLATION The Consumer Price Index (CPI) rose 0.2% month-over-month and 2.7% year-over-year in July. It marked the third consecutive month that prices accelerated on an annual basis, following three consecutive decreases to begin the year. Price pressures rose for items such as used cars and trucks, transportation services, and new vehicles, but fell …