Janet Yellen
Infrastructure, Climate Change Key to Economic Outlook
Economists moderated their outlook in NABE’s most recent survey. But there’s good news, too.
Economy Watch: 3Q GDP Revised Upward
The Bureau of Economic Analysis revised its estimate for real U.S. GDP growth for the third quarter, with increased economic growth in nonresidential fixed investment, including commercial real estate.
Economic Consensus Masks Many Uncertainties
While economists foresee little chance of a recession in the near term, potential policy changes could impact the course of the U.S. economy and commercial real estate values, notes Yardi Matrix Associate Director of Research Paul Fiorilla, reporting on the NABE’s Annual Meeting.
Economy Watch: Fed to Begin Divesting Balance Sheet
The Federal Reserve will start reducing its $4.5 trillion in holdings next month, including $1.8 billion in mortgage-backed securities.
5 Capital Markets Trends to Watch
CBRE Vice President Brandon Smith discusses recent hot topics in the capital markets, including why bond yields significantly increased last week and if a sustained rise is on the horizon.
Economy Watch: Fed Sure of Economy, Raises Rates, Promises Asset Sell-Off
The Federal Reserve unanimously decided to raise rates for the second time in 2017, signaling its belief that the U.S. economy is strong enough to handle more expensive financing.
Economy Watch: Beige Book Reveals Trends Benefitting CRE
All 12 of the Federal Reserve Districts reported increased economic activity in the latest Beige Book. Tourism and travel picked up, which is good for the hospitality industry, and non-residential construction remained strong.
Economy Watch: U.S. Service Sector Still Expanding
Economic activity in the non-manufacturing sector grew in February for the 86th consecutive month, according to the latest Non-Manufacturing ISM Report On Business.
Economy Watch: Fed Chair Says Rates Will Go Up (Eventually)
Speaking before Congress, Janet Yellen said it would be “unwise” to wait too long to raise interest rates, but didn’t suggest any timeline for the next rate hike.
Economy Watch: Fed Raises Interest Rates for the First Time in 2016
The FOMC raised the federal funds rate for only the second time in two decades, citing an improved U.S. economy that will likely continue its moderate growth.