As anticipated, the Federal Reserve announced it will lower its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75% on October 30. This is the third rate cut this year but the Fed signaled that it plans no further cuts unless it sees “developments emerge that cause a material reassessment.” The Fed expects growth to continue and the job market to remain strong. On November 1, the U.S. Bureau of Labor Statistics reported total nonfarm payroll employment rose by 128,000 in October—economists expected 85,000 jobs—while job gains for August and September were revised up by 95,…

Affordable Housing Investments & The Maryland Economy

Greysteel's Phoenix team members and their families joined forces with Feed My Starving Children (FMSC) on October 17th to pack enough food to pack 53,568 meals, enough to feed 146 children in Thailand for a year!

On October 1, the Institute for Supply Management (ISM) reported its index of national factory activity fell to 47.8 in September, its lowest level in over a decade. The 10-year Treasury yield dipped to 1.65% on the news. On September 18, the Federal Reserve announced that it will lower its overnight lending rate by 25 basis points to a range of 1.75% to 2.00%, as trade tensions between China and the United States continue to strain business conditions. The Fed meets again at the end of October and any further rate cut could depend on the U.S. September employment report, set for release…

Investment Sales and Debt & Structured Finance professionals from Greysteel's Dallas and Fort Worth offices participated in the 2019 Nicklas Foundation Golf Tournament on Friday, September 27, 2019 in Grand Prairie.

Greysteel's Los Angeles Office teamed up with Hope in a Suitcase (HIAS) to provide a "Shopping Day" for youths in foster care in Los Angeles County.

On September 18, the U.S. Federal Reserve announced that it will lower federal funds rate by 25 basis points to a range of 1.75% to 2.00%, as the continued trade war between the U.S. and China, sluggish global growth, and muted inflation clouds the economic outlook. The Fed wrote in a statement, “Although household spending has been rising at a strong pace, business fixed investment and exports have weakened” and “uncertainties about this outlook remain” as factors in its decision to lower the benchmark federal funds rate. The 10-year Treasury rate decreased to 1.80% on the news, down 22…

Affordable Housing Investments & The Ohio Economy