Research

Featured topics:

1. FOMC Interest Rate Decision
2. CPI Inflation
3. Renter vs. Homeowner Inflation
4. Fannie and Freddie Unlikely To Meet Allocations
5. NAIOP Industrial Space Demand Forecast
6. The Short and Long-Run Effects of Remote Work
7. Jobs Report
8. Consumer Sentiment
9. Summary of Economic Projections
10. Brick-and-Mortar Retail Outlook

1. FOMC INTEREST RATE DECISION

• On December 14th, the Federal Reserve’s policy-setting committee raised their target Federal Funds Rate (FFR) range by 50 basis points to 4.25%-4.50%, slowing their speed of rate increases after four consecutive 75 basis point hikes — an apparent response to evidence of slowing inflation.

• In their statement accompanying the FOMC meeting, members remained hawkish in their commitment to slowing the economy’s price pressures, largely refraining from any shift in tone compared to their last meeting, despite a deceleration in rate increases. Officials expect to continue increasing rates well into next year.

• Benchmark interest rates now sit at their highest level since 2007, with officials, on average, projecting a 5.1% terminal rate — the rate at which the committee stops increases — according to the FOMC’s latest dot plot.

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