SVN ECONOMIC UPDATE – SEPTEMBER 27, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. FED INTEREST RATE CUT The Federal Reserve cut its primary policy interest rate by 50 basis points (bps) in September to a target range of 4.75%-5%, the […]
SVN ECONOMIC UPDATE – SEPTEMBER 12, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. CPI INFLATION According to the US Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) increased 0.2% month-over-month (MoM) in August, repeating July’s pace and in […]
SVN ECONOMIC UPDATE – AUGUST 29, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. FED POISED TO PIVOT The FOMC is poised to cut interest rates in September for the first time in over two and a half years, evidenced by […]
SVN ECONOMIC UPDATE – AUGUST 15, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. INFLATION According to the BLS, the US Consumer Price Index (CPI) reaccelerated on a monthly basis in July but continued to decelerate annually. Prices rose by 0.2% […]
Q2 2024 Central PA Metro Report
Full Report
SVN ECONOMIC UPDATE – JULY 26, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. GDP According to the Bureau of Economic Analysis, the US economy expanded at an annualized rate of 2.8% in the second quarter, up from 1.4% in the […]
SVN ECONOMIC UPDATE – JULY 12, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. CPI INFLATION The Consumer Price Index fell by 0.1% month over month in June, its first monthly downtick in over four years, according to the latest data […]
SVN ECONOMIC UPDATE – JUNE 28, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. BANK STRESS TESTS According to the Federal Reserve, all 31 “systemically important financial institutions” (SIFIs) passed their annual stress tests. These tests evaluate the ability of large […]
SVN ECONOMIC UPDATE – JUNE 14, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. INTEREST RATES The FOMC voted to leave rates unchanged at its June policy meeting, which aligned with market expectations. On Wednesday, markets braced for the convergence of […]
Q1 2024 Central PA Metro Report
Full Report