- Annual headline CPI rose 10 bps to 3.0% in September* while core CPI fell 10 bps, also to 3.0%.
- The Fed cut rates by 25 bps at its October meeting. An additional rate cut is possible in December, although the outlook is less certain due to the persistence of elevated inflation alongside a slowing labor market.
- Private employment rose by 42K in October after contracting in the past two months, according to ADP.
- Consumer sentiment fell to near the all-time low in November due to the government shutdown. Views of current and expected conditions both fell.
* Latest data available.
Note: Due to the government shut down, some of our usual charts (particularly related to inflation, employment, and housing) are not available. We have utilized alternative data sources when relevant.
RFA’s Strategy and Research team is pleased to share a new white paper, Bright Spots in the Industrial Real Estate Sector. The piece examines the shifting landscape of industrial real estate and highlights the segments that continue to show resilience, even as broader sector fundamentals have softened.
