Event Drop-In: US Commercial Real Estate in 2025 – How much pain, how much gain? 22nd January 2025, 3:00PM GMT After the market bottomed last year, where will the opportunities and risks lie in US commercial real estate in 2025? What influence will the US macro (and political) backdrop have on returns? Will...
Canada Economics Weekly Trudeau and Trump share their truths The power vacuum created by Prime Minister Justin Trudeau’s resignation comes at a bad time, with President-elect Donald Trump ratcheting up his threats against Canada, raising the risk that the next... 10th January 2025 · 5 mins read
US Economics Weekly Still waiting for clarity on the Trump agenda More than two months after Donald Trump and the Republicans completed a narrow clean sweep in last November’s election, and with only 10 days until the inauguration, there is still massive uncertainty... 10th January 2025 · 8 mins read
US Rapid Response Uni. Of Michigan Consumer Sentiment (Jan. 2025) The drop in the expectations index of the University of Michigan Consumer Sentiment Survey in January and the accompanying jump in inflation expectations suggest that consumers are becoming more... 10th January 2025 · 2 mins read
US Rapid Response Employment Report (Dec. 2024) The larger-than-expected 256,000 gain in non-farm payrolls in December and drop back in the unemployment rate to 4.1% supports the Fed’s decision to slow the pace of rate cuts and has heightened... 10th January 2025 · 2 mins read
Canada Rapid Response Labour Force Survey (Dec. 2024) The huge gain in employment in December supports our view that labour market conditions are strengthening, despite the recent upward trend in the unemployment rate. While weakness in private sector... 10th January 2025 · 3 mins read
Climate Economics Update Trump’s word on climate is not the be-all and end-all Whilst Donald Trump is threatening to slam the brakes on the green transition in the US, state-level officials have the tools to continue making progress on the climate front. This Update uses our... 9th January 2025 · 4 mins read
Event US Drop-In: Inauguration Day special – Knowns and unknowns around Trump’s second term 1737471600 As the president-elect again prepares to take office, our US team held a special briefing to walk clients through what to expect in the opening phase of the second Trump admin
Canada Economics Focus Trump, Tariffs, and the 51st State Donald Trump’s increasingly aggressive rhetoric against Canada suggests we should take his tariff threats seriously. We already assume that Trump includes Canada in a likely 10% universal import... 9th January 2025 · 19 mins read
Global Commercial Property Chart Pack Global Commercial Property Chartpack (Q4 2024) 2024 likely marked the bottom in all-property values in Europe, but we expect further falls in the US in 2025. That said, US performance should improve further ahead, outpacing the euro-zone over the... 9th January 2025 · 1 min read
US Rapid Response Fed worried by potential impact of Trump policy agenda After Chair Jerome Powell made a big fuss about claiming in last November’s press conference that the Fed wouldn’t speculate about what policies the incoming Trump administration will adopt, the... 8th January 2025 · 2 mins read
US Housing Market Outlook Sales slump to drag into 2025 The potentially inflationary policy mix of the incoming Trump administration will limit the decline in mortgage rates this year, squashing hopes for a major recovery in home sales. We expect... 8th January 2025 · 14 mins read
US Housing Market Rapid Response Mortgage Applications (Dec. 2024) The small decline in purchase mortgage applications in December is worse than it looks, as it masks a collapse in demand in the final few weeks of the month, driven by mortgage rates climbing above 7%... 8th January 2025 · 2 mins read
US Commercial Property Update Five key calls for US commercial real estate in 2025 Though we think the market has bottomed, we expect a very weak recovery this year, unlike in other cycles. In fact, we think valuation falls still have further to go, leaving our forecasts generally... 7th January 2025 · 3 mins read
Capital Daily What’s behind the rise in Treasury yields? US Treasury yields have surged recently, pulling yields elsewhere up, but we doubt they’ll continue their upward march during the rest of 2025. 7th January 2025 · 4 mins read
US Economics Update Rise in corporate bankruptcies not a big concern The rise in corporate bankruptcies last year is not a huge concern, but it does add to the sense that firms are struggling more than the headline GDP and labour market data suggest. That in turn... 7th January 2025 · 2 mins read
