Commercial Real Estate & Business News – July 31, 2024

Powell will have another opportunity to talk about interest rates at an Aug. 22-24 meeting in Jackson Hole, Wyoming, where officials and economists from around the globe discuss policy. The Fed will probably alter its language this week “to reflect the growing likelihood of a cut at the following meeting, (but)…»

Consumer confidence notched a surprise gain in July, but Americans are still wary about the state of the U.S. economy. The consumer confidence index came in at 100.3 in July, ticking up from June’s Economists polled by FactSet had expected it to dip to 99.5 “Confidence increased in July, but not enough to break free of…»

The proposed merger of grocery giants Kroger and Albertsons is on hold following a temporary injunction in a state’s case against the deal. Colorado Attorney General Phil Weiser filed a lawsuit in February in opposition of the merger and the companies will wait to proceed until a judge considers the case…»

America’s multifamily market could be nearing an inflection point as year-to-date multifamily absorption has risen 75% compared to the first half of 2023. Plus, the economy added 500,000 new jobs in the second quarter, and real wages grew. Cushman & Wakefield’s U.S. national multifamily report for…»

Hot on the heels of Maricopa County being named No. 1 for economic growth nationwide, the state’s development prospects have received another boost from the Standard & Poor’s Global Ratings agency. Late last week, S&P revised its outlook on Arizona’s overall credit to positive from stable…»