Sticky inflation; 3Q bank results; Altus dissects retail evolution

On this episode, Cole Perry, Senior Market Analyst, and Omar Eltorai, Director of Research, both of Altus Group, navigate various compelling topics that have recently been in the spotlight. They unpack the latest inflation and job market numbers, provide insights from the Federal Reserve's minutes and consider indicators of small business optimism. This episode provides insightful critical analyses and reflections on the state of the economy and the CRE market.

Key Takeaways:

(01:08)  A close look at the U.S. consumer price index and its rise in September. 

(01:55) September's employment report reveals strength across the labor market. Nonfarm payrolls and other key metrics shed light on the current state of employment.

(08:33) JP Morgan, Wells Fargo and Citigroup's recent performances are discussed —  highlighting significant growth in earnings and revenue. 

(11:22) A brief touch on the performances of PNC and the airline industry, particularly United and Delta.

(13:10) From U.S. bank capital regulations to the ECB's increased scrutiny on CRE loans in Europe, the episode covers crucial regulatory shifts and their implications.

(16:29) Insights from the Walker & Dunlop Most Insightful Hour in CRE and the State of the Market webinar provide a holistic view of current market dynamics.

(21:05) The resilience of regional malls and the evolving work-from-home trends are examined, offering a window into changing consumer and workforce behaviors.

Resources mentioned:

Cole Perry -

https://www.linkedin.com/in/coleperry1/

Omar Eltorai -

https://www.linkedin.com/in/omareltorai/

Altus Group -

https://www.linkedin.com/company/altus-group/

Altus Group’s US Commercial Real Estate Industry Conditions and Sentiment Survey -

https://www.altusgroup.com/insights/cre-industry-conditions-and-sentiment-survey-register/

Federal Reserve's Federal Open Market Committee Minutes -

https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

NFIB Small Business Optimism Index Report -

https://www.nfib.com/content/press-release/economy/small-business-optimism-dips-in-september-as-inflation-remains-top-problem/

State of the Market Webinar Replay -

https://www.altusgroup.com/webinars/us-state-of-the-market-quarterly-analysis/

Young Real Estate Professionals of New York -

http://www.yrepny.org/

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