Economic Overview: The Federal Reserve cut interest rates by a quarter point this week, bringing the target range to 4.25% to 4.5%. The central bank revised its outlook for rate cuts in 2025, however, indicating that there will be two reductions. That’s down from the four forecast in September. Fed Chair Jerome Powell said that the […]
Economic Overview: According to Goldman Sachs, The S&P 500 is still projected to climb some 9% to 6,300 in the next 12 months. Their researchers forecast growth in earnings-per-share of 11% in 2025 and 7% the year after, though they point out that those estimates may change as more about the new administration’s policy agenda […]
Economic Overview: Better-than-expected earnings growth, on the back of an economy that is continuing to expand, is likely to drive US stocks higher over the next year. “The idea that the economy is growing suggests that if fair value is around the current level, then the forward trajectory of the index is going to be […]
Economic Overview: The Fed voted to lower the fed funds rate by 50 basis points (bips) to a target of 4.75% to 5%. A 50-bps cut was in line with market expectations, which underscores that the Fed executed this milestone first cut without measurably surprising markets or expectations in the near-term. This is according to […]
Economic Overview: BMO Capital Markets chief investment strategist Brian Belski argues investors will kick themselves if they do not buy this market pullback. He continued on CNBC “People are going to hate to hear this, but this is pretty normal and the markets are headed into ‘normalization’. Thomas Lee, Managing Partner of FS Insight, explained […]
Waterstone Defeasance recently closed a defeasance transaction of an original $4.5 Million CMBS loan, secured by a Hotel in Schiller Park, IL. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their loan. “Waterstone continues to deliver a high level of expertise for our clients, hotel properties continue to be […]
Economic Overview: The June 2024 Consumer Price Index (CPI) fell by 0.1% month-over-month (MoM) and rose by 3.0% year-over-year (YoY). Inflation eased across the board; JP Morgan saw this as a welcome move with lower shelter price pressures (inflation coming from the housing market). There were also saw favorable declines in gasoline and airfares prices. […]
Economic Overview: The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. Central bank policymakers noted that there has been “modest further progress” toward its 2% inflation objective. Federal Reserve Chair Jerome Powell noted at the press conference that […]
Economic Overview: U.S. Federal Reserve Chair Jerome Powell has, once again, appeased investors. Following the latest Federal Open Market Committee meeting, Powell indicated that while interest-rate cuts may be delayed amid stubborn inflation, it is unlikely that the central bank’s next move is a rate hike. This, combined with a slowdown in the pace at […]
Economic Overview: U.S. consumer prices increased more than expected in March as Americans continued to pay more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would delay cutting interest rates until September. The third straight month of strong consumer price readings reported by the Labor Department on Wednesday also […]
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