Weekly Report – November 9, 2022

  1. Home
  2. Market Updates
  3. Weekly Report – November 9, 2022
Graphs

Highlight of the Week

Some Investors Bet Fed Could Lift Rates to Two-Decade High

  • Investors previously thought that the aggressive rate hikes would quickly cool the economy and slow down inflation
  • Now, after another better-than-expected jobs report, investors are concerned that the Fed will raise rates as high as 6%
  • While some are expecting inflation to slow in Q1 of 2023, many investors are worried that the Fed raising rates to 6% which could very likely send the economy into a significant recession

Rate Curves

Graphs

Rapid Report:

Abelian Brand Mark

Chinese Developer Sells L.A. Luxury Tower at Steep Discount

  • Chinese Developer Greenland Holding Group sold the tallest rental apartment tower in LA at $504 million for a loss
  • Higher rates, falling rent, and California rent regulations have suppressed values
  • Chinese regulations on the outflow of investor cash have pushed many Chinese firms to sell off commercial real estate projects in past few years. Chinese firms have sold a net $23.6 billion of US commercial properties since 2019

Nobel-Winning Economist Edward C. Prescott Dies at 81

  • Dr. Edward C. Prescott won the Nobel Prize in 2004 alongside Dr. Finn E. Kydland for their paper “Rules Rather Than Discretion: The Inconsistency of Optimal Plans” which argued that policymakers should not stray from long-term goals to address short-term problems
  • His research provided justification for central banks to be independent of elected leaders, while also encouraging them to set interest rates according to rules rather than discretion
Previous Post
Weekly Report – November 2, 2022
Next Post
Weekly Report – November 16, 2022

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed