Weekly Report – November 2, 2022

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Graphs

Highlight of the Week

Fed Approves Fourth 0.75-Point Rate Rise, Hints at Smaller Hikes

  • Fed raised interest rates by .75 percentage points and indicated considerations to continue raising interest rates but in smaller increments
  • The Fed stated that ultimately rates will be raised higher than policymakers had anticipated
  • The Fed’s policy rate to a level last seen in 2008 at the beginning of the financial crisis

Rate Curves

Graphs

Rapid Report:

Abelian Brand Mark

Rising Interest Rates Threaten to Expose Office Buildings’ Inflated Values

  • Rising interest rates are adversely the value of office buildings. Some buildings in NY and Chicago have already seen prices fall by about a quarter.
  • Low yields on Treasury bonds and other securities made rental income from office buildings seem attractive. Now that Treasury yields are around 4%, the demand for investment in office space has significantly fallen off.

Credit Suisse Looks to Rainmaker to Revive Investment Bank

  • Michael Klein formerly of Citigroup has made a name for himself advising investors and companies. He has recently been announced as the new CEO of Credit Suisse’s newly separated investment banking unit, CS First Boston.
  • Klein made a name for himself at Citigroup before leaving in 2008 and beginning to work as an advisor to powerful investors and companies. His expertise could be what is needed to revive the investment bank’s brand and spirit.
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Weekly Report – November 9, 2022

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