We break down the Federal Reserve’s latest rate decision, the release of their minutes, the press conference, and the updated Summary of Economic Projections. We’ll also take a look at key macroeconomic highlights from the past week, including retail sales, housing data, and insights from regional Fed surveys and indices. Finally, we sift for some key takeaways from the Mortgage Bankers Association’s Q4 2024 report on commercial mortgage debt outstanding.
Key Moments:
01:36 Federal Reserve Rate Decision and Economic Projections
06:27 Impact on Commercial Real Estate
08:18 Macro Highlights: Retail Sales and Housing Data
10:44 Manufacturing Indexes and Industrial Real Estate
19:41 Financial Conditions and Stress Indexes
24:18 Mortgage Bankers Association Q4 Report
29:07 Upcoming Conferences and Events
Resources Mentioned:
FOMC meeting – https://www.federalreserve.gov/monetarypolicy/fomcpresconf20250319.htm
Advance Monthly Sales For Retail And Food Services, February 2025 - https://www.census.gov/retail/marts/www/marts_current.pdf
Monthly New Residential Constructino, February 2025 - https://www.census.gov/construction/nrc/current/index.html
Empire State Manufacturing Survey - https://www.newyorkfed.org/survey/empire/empiresurvey_overview
Philly Fed Manufacturing Business Outlook Survey - https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/manufacturing-business-outlook-survey
Mortgage Bankers Association’s Commercial/Multifamily Mortgage Debt
Outstanding quarterly report - https://www.mba.org/news-and-research/newsroom/news/2025/03/18/commercial-and-multifamily-mortgage-debt-outstanding-increased--47.7-billion-in-third-quarter-of-2024
Email us - altusresearch@altusgroup.com
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