Economic Development Coalition of Southwest Indiana转发了
Our first economic update for 2024 is out! Here are a few highlights: - Minutes from the FOMC's December meeting show there is consensus that rate-cuts are likely to come throughout the year, but refrained from providing a more specific window for them to occur. Officials held the federal funds rate steady at 5.25 to 5.50% at their December policy meeting. - According to a recent analysis of Census Bureau data, a national wave of non-residential construction spending should continue into 2024 despite a downtick in November. - CMBS delinquencies fell seven basis points in December, according to recent data by Trepp. Moreover, December’s CMBS activity reverses several months of rising Office delinquencies, with the sector’s rate declining by 26 basis points to 5.82%. For more details and information, download the full SVN Economic Update below.