SVN ECONOMIC UPDATE – NOVEMBER 9, 2023
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.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 […]
SVN ECONOMIC UPDATE – OCTOBER 27, 2023
The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase this year, according to Wednesday’s release by the Bureau of Labor Statistics…
SVN ECONOMIC UPDATE – OCTOBER 13, 2023
The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase this year, according to Wednesday’s release by the Bureau of Labor Statistics…
SVN ECONOMIC UPDATE – SEPTEMBER 29, 2023
The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase this year, according to Wednesday’s release by the Bureau of Labor Statistics…
SVN ECONOMIC UPDATE – SEPTEMBER 15, 2023
The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase this year, according to Wednesday’s release by the Bureau of Labor Statistics…
SVN ECONOMIC UPDATE – AUGUST 25, 2023
1. AI AND COMMERCIAL REAL ESTATE A recent article by MSCI Real Capital Analytics suggests that despite the growing concern about AI’s potential impact on commercial real estate, a balanced view should be taken that considers both the economic risks of AI and its potential positive impact on productivity. The authors argue that AI could […]
SVN ECONOMIC UPDATE – JULY 28, 2023
1. FED INTEREST RATE DECISION On July 26th, The Federal Reserve raised their benchmark interest-rate by 25 bps, reversing a pause in rate-hikes that occurred in June. While the June pause was intended to start a “wait and see” approach by officials, their meeting minutes and commentary in recent weeks suggested to the market that […]
ECONOMIC UPDATE – JULY 16, 2023
1. INFLATION The consumer price index (CPI) rose by 0.2% month-over-month and 3.0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. June’s monthly pace was a slightly uptick from May, but inflation continued to trend down on an annual basis. Shelter remains the largest contributor to month-over-month price increases, […]
ECONOMIC UPDATE – JUNE 30, 2023
1. INTEREST RATE OUTLOOK Despite the Federal Reserve’s decision to hold rates constant at their June meeting, current market forecasts project an 81.8% chance that the FOMC will move forward with a 25-basis point hike in July, according to the Chicago Mercantile Exchange’s Fed Watch Tool. In June, officials placed their year-plus hiking cycle on […]
ECONOMIC UPDATE – JUNE 16, 2023
1. FED MEETING MINUTES Minutes from the FOMC’s May 2-3 policy meeting showed that central bank policymakers were split on the decision to continue raising interest rates or pause increases during its most recent vote. Ultimately, the decision to raise rates by 25 basis points in May was unanimous. However, the minutes signal that officials […]
