Jul 31, 2024
Summary On Wednesday, July 31, 2024, the Federal Open Market Committee (FOMC) voted unanimously to hold the federal funds rate at a target range of 5.25–5.50%. This marks over a year and eight consecutive meetings since the Committee last adjusted the target range,...
Jun 27, 2024
The U.S. multifamily market has faced pressure in recent quarters. Occupancies have slipped due to a rise in development, resulting in the highest levels of completion in decades. As a result, vacancies have shifted more rapidly in demographic hotspots in the...
Jun 3, 2024
Volume 202: Week Ending June 1, 2024 The PCE index increased by 0.3% last month, while the core rate, which excludes food and energy and is the Federal Reserve’s preferred measure, rose by a modest 0.2%. This marks the smallest gain since December 2023.The...
May 28, 2024
Volume 201 According to provisional PMI survey data from S&P Global, the U.S. economy gained speed in May. The service sector led the upturn, reporting the largest output rise for a year, but manufacturing also showed stronger growth.The headline S&P Global...
May 20, 2024
VOLUME 200 In April, consumer prices increased by 0.3%, driven primarily by higher oil prices and housing costs, though this was below the 0.4% increase economists had anticipated. The core inflation rate, which excludes food and energy, also rose by 0.3%—the smallest...
