By : Taro Chellaram, CCIM
U.S. Review - Something in the Air
- Fears of an escalating coronavirus outbreak reached the United States this week, as a Washington state man became the first confirmed domestic case and the international total reached more than 800.
- We expect any short-term economic impact to be limited and concentrated in East Asia,
By : Taro Chellaram, CCIM
U.S. Review - 2020 Is Off to a Good Start
- Most of this week’s economic reports showed the economy ended 2019 with strong momentum, while the Senate passage of the USMCA and the signing of Phase I of the China trade deal reduce some of the uncertainty hanging over the outlook.
- Mild weather helped housing starts surge 16.9% in Decembe
By : Taro Chellaram, CCIM
U.S. - Well, That De-Escalated Quickly
- The week began amid rising tensions carrying over from the U.S. killing of Iranian General Qasem Soleimani last Friday. Iran responded with non-lethal airstrikes on U.S. facilities, but President Trump has said the U.S. has no plans to escalate further, and the Iranians appear to have conc
By : Taro Chellaram, CCIM
U.S - Geopolitical Developments Ring in the New Year
- It was a light week for economic data in a shortened holiday week. But, news of President Trump ordering an airstrike in Iraq and killing a top Iranian military general resulted in a risk off response from markets as oil prices surged and Treasury yields fell early Fr
By : Taro Chellaram, CCIM
U.S. Outlook
- The U.S. economy continues to expand, albeit at a moderate pace. The U.S. Bureau of Economic Analysis reports U.S. gross domestic product (GDP) grew 2.1 percent in Q3/19. For the 12 months ending Q3, the U.S. grew 2.0 percent, adjusted for inflation. While somewhat off the pace of the past five years, it’s above what many economists expect
By : Taro Chellaram, CCIM
U.S. - Hiring Report Telling You Be of Good Cheer
- The latest hiring data are an encouraging sign that the U.S. economy is withstanding the global slowdown and continued trade-related uncertainty. Solid labor market conditions echo the Fed’s assessment that the current stance of monetary policy remains appropriate. The FOM
By : Taro Chellaram, CCIM
U.S. - Hiring Report Telling You Be of Good Cheer
- The latest hiring data are an encouraging sign that the U.S. economy is withstanding the global slowdown and continued trade-related uncertainty. Solid labor market conditions echo the Fed’s assessment that the current stance of monetary policy remains appropriate. The FOMC
By : Taro Chellaram, CCIM
U.S. - Fundamentals Continue to Support Festive Holiday Spending
- Despite easing for the fourth consecutive month, confidence still remains near its cycle high in November as consumers continue to focus on their own economic prospects, while discounting political drama out of Washington D.C. and concerns from abroad.
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By : Taro Chellaram, CCIM
U.S. - Steady for Now
- Minutes from the October FOMC meeting indicated the Fed is content to remain on the sidelines for the rest of this year as the looser financial conditions resulting from rate cuts at three consecutive meetings feed through to the economy.
- Mixed reports this week about the prospects of a P
By : Taro Chellaram, CCIM
U.S. - The Consumer-Producer Divide on Full Display
- Retail sales beat expectations and rose 0.3% in October, reflecting the ongoing strength of the consumer. Control group sales, a major input to GDP, also increased 0.3%.
- Industrial production in October declined 0.8%. Overall production re
