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Updated Publications
U.S. Quarterly Economic Forecast
Global growth has stood up to trade turmoil better than many feared earlier this year. Even with momentum expected to slow in 2026, it will be to a lesser extent than we expected three months ago. In contrast, the U.S. economy is forecast to gain a step as Fed rate cuts, the OBBBA and regulatory changes provide a tailwind.
December 11, 2025
Trending
U.S. FOMC Meeting (December 9-10, 2025)
The Federal Reserve Open Market Committee (FOMC) reduced the federal funds rate by 25 basis points (bps), lowering the target range to 3.5%-3.75%. The move comes after consecutive quarter-point cuts at each of the prior two meetings.
December 10, 2025
Latest Research
U.S. East Coast Office CRE Recovery: Running at Different Speeds
The recovery of East Coast office commercial real estate (CRE) is uneven. Miami and Tampa are ahead, though recent signs of softening have appeared. New York and Charlotte have made progress. In New York, office space absorption is up, driven by return-to-office trends. Charlotte’s gains reflect robust employment growth. D.C. and Boston continue to struggle. High vacancies and weak demand persist. Boston’s elevated pipeline will likely delay recovery, with its vacancy rate set to climb higher in
December 08, 2025
Latest Research
Assessing the Feasibility of President Trump’s Tariff Dividend Checks
President Trump has recently proposed sending out $2,000 ‘tariff dividend checks’ to eligible households, which would be funded using tariff revenue. However, the administration has not provided further details on the structure, timing or income testing thresholds, making any sort of economic inference very speculative.
December 05, 2025
Latest Research
The Days Of Our Lives
Yes, the title of this presentation comes from a famous soap opera. It’s appropriate to depict the past year, full of economic and political drama. We’re on the cusp of closing out 2025, a dramatic 365 days marked by the shifting sands in government policies and corporate behaviors. And this final quarter of the year has brought forward more pivots on both sides of the border that will keep us glued to the next episode. My only hope is that the economic drama doesn’t run sixty-three seasons like
December 04, 2025
Updated Publications
Commodities Quick-Take
Idiosyncratic factors are driving divergences in energy commodities. Oversupplied crude oil markets are weighing on the price outlook, while robust LNG demand has been bidding up natural gas. Base metals prices have been pressured higher following sharp tariff-induced selloffs earlier this year. Still-sluggish global demand will likely be offset by ongoing supply concerns, keeping metals prices on the firm side in 2026.
November 27, 2025
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Updated Publications
Updated Publications
Weekly Bottom Line
December 12, 2025
Updated Publications
U.S. Quarterly Economic Forecast
December 11, 2025
Updated Publications
Commodities Quick-Take
November 27, 2025
Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
November 25, 2025
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Next
Updated Publications
Weekly Bottom Line
December 12, 2025
Updated Publications
U.S. Quarterly Economic Forecast
December 11, 2025
Updated Publications
Commodities Quick-Take
November 27, 2025
Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
November 25, 2025
View more updated publications
Latest Research
Latest Research
U.S. East Coast Office CRE Recovery: Running at Different Speeds
December 08, 2025
Latest Research
Assessing the Feasibility of President Trump’s Tariff Dividend Checks
December 05, 2025
Latest Research
The Days Of Our Lives
December 04, 2025
Latest Research
Decoding the U.S. Labor Market: A Q&A on What’s Really Happening
November 26, 2025
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Next
Latest Research
U.S. East Coast Office CRE Recovery: Running at Different Speeds
December 08, 2025
Latest Research
Assessing the Feasibility of President Trump’s Tariff Dividend Checks
December 05, 2025
Latest Research
The Days Of Our Lives
December 04, 2025
Latest Research
Decoding the U.S. Labor Market: A Q&A on What’s Really Happening
November 26, 2025
View more latest research
Commentaries
Trending
U.S. FOMC Meeting (December 9-10, 2025)
December 10, 2025
Business Investment
U.S. NFIB Small Business Optimism Index (November 2025)
December 09, 2025
Consumer
U.S. Personal Income & Spending (September 2025)
December 05, 2025
Commodities & Industry
U.S. ISM Services Index (November 2025)
December 03, 2025
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Next
Trending
U.S. FOMC Meeting (December 9-10, 2025)
December 10, 2025
Business Investment
U.S. NFIB Small Business Optimism Index (November 2025)
December 09, 2025
Consumer
U.S. Personal Income & Spending (September 2025)
December 05, 2025
Commodities & Industry
U.S. ISM Services Index (November 2025)
December 03, 2025
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