The Chief Economist: How Central Is Banking?
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Welcome back to another edition of The Chief Economist, I'm Ryan Severino, CFA and I'm pleased to get this timely piece out to all of our subscribers who are no doubt watching the action on rate cuts with great interest (pardon the pun). Let's jump right into it!
After last week’s broader international perspective, we are doing something similar once again. This week we focus on central banking given some noteworthy events from last week. The world has finally arrived at the point where monetary policy is shifting as central banks begin to cut rates and ease monetary conditions. But key central banks are not moving at the same time or the same pace. What does that mean for their respective economies and commercial real estate (CRE) markets?