Highlight of the Week
Fed cuts rates for 2nd time in 2019
- Widely expected decrease cuts rate 0.25 % to a range of 1.75 – 2.00 %
- Three regional presidents voted “no” – 2 for a no change and 1 for a 50 point cut
Rate Curves
Rapid Report:
Eric Rosengren expresses dissent from Boston Fed
- The head of the Boston Federal Reserve said, “lowering risks to address uncertainty is not costless” after voting against rate cut
- The Boston Fed cited economic data showing a healthy and robust economy despite trade and geopolitical concerns
Risk of coworking locations?
- Rosengren also expressed concerns about coworking locations and the looming risk of their exposure during a potential downturn
- WeWork and Industrious are highly concentrated in Boston and New York and rely on less established companies particularly susceptible to an economic downturn
- Some at WeWork hope to oust Adam Neumann in bid to salvage IPO
Annual Laureus Day of Sport Atlanta
Atlanta sport for good organizations united Saturday to spread awareness of groups positively impacting youth communities through sports and mentoring
