Bay Area
Consumer Spending Holds Steady Through October, But Warning Signs Emerge for Year-End
High-frequency data points to weakening momentum heading into year-end despite solid October performance American consumer spending demonstrated underlying resilience in October even as...
Construction Labor Costs Rise 3.8% Despite Broader Economic Cooling
Employment Cost Index shows construction bucking trend of moderating wage growth in Q3 The construction industry is charting its own course in the...
Inflation Expected to Hold Near 3% Through Mid-2026 as Government Shutdown Disrupts October Data Collection
Wells Fargo projects two-month core CPI rise of 0.48 percent between September and November The October government shutdown has created an unusual gap...
Commercial Real Estate Market Gains Momentum as Property Prices Rise 4.2% Year Over Year
Federal Reserve rate cuts drive $1.9 billion reduction in distressed properties, transaction volumes jump 13.2 percent year-to-date The commercial real estate market is...
California Export Trade Contracts 2.4% as State’s National Share Drops to 8.4%
Computer and electronics surge 15.9 percent while most major categories decline in September data delayed by Federal shutdown California’s position as an export...
Shutdown-Delayed Jobs Data Predicted to Reveal Federal Layoffs and Rising Unemployment
Shutdown-delayed October data and a November unemployment rate near 4.5 percent could put “maximum employment” at risk As Washington’s budget battles continue to...
September Trade Deficit Narrows to $52.8B on Gold Exports, But GDP Impact Limited by Statistical Treatment
Non-monetary gold accounts for $6.1 billion of $8.8 billion export increase, while capital goods shipments decline $3.3 billion The turbulence in global trade...
Employment Cost Index Rises 3.5% Year-Over-Year in Q3, Slowest Growth Since Mid-2021
Quarterly wage and benefit increases moderate to 0.8 percent as labor market cooling reduces pressure on employers to raise compensation The cooling trend...
California’s Job Market Shows Persistent Weakness as Federal Shutdown Disrupts Data
Delayed report reveals Golden State continues to struggle with nation’s second-highest unemployment rate California’s unemployment situation remained stubbornly elevated in September, with the...
Federal Reserve Cuts Rates to 3.5%–3.75% as Committee Signals Slower Pace of Easing Ahead
Central bank’s December quarter-point reduction draws three dissents as officials project the policy rate holding at 3.375 percent through 2026 The Federal Reserve...
Law Firms Push US Office Demand to New Highs, Driving 8.3MM SQFT of Leasing Through Q3 2025
Relocations surge to 50 percent, renewals dip to 53.9 percent, and the legal sector’s share of all office leasing reaches 10.5 percent U.S....
CMBS Delinquencies Push to 7.46% Overall as Office Market Hits a Record 11.76%
All major property types see rising stress in October, with multifamily topping 7 percent for the first time since 2015 The latest readout...
