The Chief Economist: The Final Countdown

Ryan Severino, CFA, author of BGO's The Chief Economist, discusses the economic outlook as the year progresses. Despite concerns in August about a potential slowdown in the US economy, recent data suggests resilience, with GDP growth being revised upwards and consumer spending remaining robust. The Fed is expected to cut interest rates soon, which could positively impact the commercial real estate (CRE) market. Inflation continues to cool, with the Fed’s target rates likely being met, leading to potential rate cuts in the near future.

In addition, Severino highlights the potential paradigm shift in the CRE capital markets as the Fed moves closer to cutting rates. This shift may stimulate increased market activity, with signs of stabilization already visible in pricing and transaction volumes.

For more insights, read the full article here.