Read the full article here 1. FED INTEREST RATE CUT The Federal Reserve cut its primary policy interest rate by 50 basis points (bps) in September to a target range of 4.75%-5%, the first interest rate reduction since policymakers began their fight against post-...
Read the entire Economic Update Here 1. CPI INFLATION • According to the US Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) increased 0.2% month-over-month (MoM) in August, repeating July’s pace and in line with the consensus forecasts that led up to...
For Immediate Release July 24, 2024 CONTACT: (Larry Ilfeld, CCIM, ALC) (505-265-4401) MAJOR ALBUQUERQUE LAND PARCEL SOLD Read the Press Release Here A major parcel of land in Albuquerque has been sold. The property, known locally as the Salazar land, is located in the...
Read the Entire Economic Update Here 1. GDP According to the Bureau of Economic Analysis, the US economy expanded at an annualized rate of 2.8% in the second quarter, up from 1.4% in the first quarter and above the consensus forecasts of 2%. Consumer spending...
Read the Entire Economic Update Here 1. CPI INFLATION The Consumer Price Index fell by 1% month over month in June, its first monthly downtick in over four years, according to the latest data from the Bureau of Labor Statistics. Prices continue to climb...
