The FED Said What is LIBOR? Globally, the London Interbank Offered Rate (LIBOR) has been used extensively as the benchmark rate for many financial transactions, from derivatives to loans to businesses and consumers. Estimates of U.S. Dollar (USD) denominated LIBOR exposure run as high as $200 trillion. Why is LIBOR going away? Since its inception […] Read more
The FED Said The recently enacted Tax Cuts and Jobs Act of 2017 substantially reduced corporate taxes, from 35 percent to 21 percent. Some commentators and practitioners have voiced concerns about how the new tax law will affect demand for Low Income Housing Tax Credits (LIHTC), America’s primary mechanism for producing new or refurbished affordable housing units. […] Read more
The FED Said Some of the most important forces that have molded Miami, economically and otherwise, emanated from outside Florida and even the United States. The evolution that largely produced today’s south Florida metropolis began 60 years ago. When Communists seized power in Cuba in 1959, a wave of exiles fled north, beginning a continuing […] Read more
The FED Said Federal Reserve Bank of Atlanta Summary of Economic Activity Reports from Sixth District business contacts described economic conditions as expanding at a moderate pace since the previous report. The majority of contacts are optimistic and expect the pace to continue for the remainder of the year. The labor market remained tight amid […] Read more
The FED Said 2017 Small Business Credit Survey: Report on Disaster-Affected Firms Forty percent of firms in FEMA-designated disaster areas reported losses from recent storms. We examine which firms were hit hardest and how heavily they depend on aid and credit to get back in business. The Small Business Credit Survey (SBCS), an annual survey […] Read more
The FED Said As businesses in the Southeast struggle to fill low-skill jobs, some firms say they plan to move to places with larger pools of available workers, according to the Federal Reserve Bank of Atlanta’s new Beige Book report on regional economic conditions. Atlanta Fed business contacts report that overall economic activity continued to expand moderately […] Read more
The FED Said (Federal Reserve System) Overall US Economic Activity Economic activity continued to expand across the United States, with 10 of the 12 Federal Reserve Districts reporting moderate or modest growth. The outliers were the Dallas District, which reported strong growth driven in part by the energy sector, and the St. Louis District where […] Read more
The Fed Said The Federal Reserve Bank of Atlanta Across the Southeast, consumer spending is up, and companies continue to have trouble finding qualified workers. Those are some of the findings from the latest Beige Book of economic conditions. Most businesses expect increased activity in the second part of this year despite some uncertainty related to […] Read more
The FED Said (Federal Reserve Atlanta) Residential complexes going up near Atlanta transit stations promote pools, leash-free dog parks, and lifestyles “where urbanity meets savvy simplicity.” If these amenities don’t evoke the gritty utility often associated with public transportation, they’ve achieved their desired effect. The Metropolitan Atlanta Rapid Transit Authority (MARTA) is at the forefront […] Read more
The FED Said A sleek housing complex is rising in Chamblee, Georgia. Nothing new there. Nearly 1,000 apartment and condominium buildings have been permitted in the past five years in metropolitan Atlanta, according to the U.S. Census Bureau. But the one in Chamblee is unusual. The Senior Residences at Mercy Park is a collaboration between […] Read more
Federal Reserve Bank of Atlanta Summary of Economic Activity Aside from hurricane effects, Sixth District business contacts described economic conditions as improving at a modest pace from mid-August through September. The outlook among firms remained optimistic with the majority of contacts expecting growth to be slightly above current levels for the remainder of the year. […] Read more
Office Renovations Take Off Many U.S. cities have seen the return of construction cranes in recent years. However, unlike in previous building booms, residential towers have dominated new construction. So far, new office construction has not yet reached its prerecession level. On the other hand, cities across the nation are bustling with office renovations. Could […] Read more
Summary of Economic Activity According to reports from businesses across the Sixth District, economic activity expanded at a modest pace from July through mid-August. The outlook among contacts remains optimistic as most expect slow and steady growth over the remainder of the year. Businesses reported continued tightness in the labor market, though wage growth remained […] Read more
Personally I’m betting on the “Real Economy”… This week’s Friday Market Insight from Bob Bach at Newmark Grubb Knight Frank. Day of Reckoning? The recent run-up in interest rates – the yield on the benchmark 10-year Treasury note ended Thursday at 2.41%, its highest level since October 27, 2011 – caused a stampede of […] Read more
Westfield enters agreement with O’Connor Capital – Tampa Business News – Local Tampa News | The Tampa Bay Business Journal CoStar reports that Westfield Group has entered into a joint venture agreement wit… by Mark Holan on Mar 27, 2013 8:34 AM CoStar reports that Westfield Group has entered into a joint venture agreement with O’Connor Capital […] Read more