Investing In Opportunity Zones

May 24th, 2019 by Keeley Byer

OPPORTUNITY ZONES: April 2019 Proposed Regulations

The Investing in Opportunity Act, a special provision in the 2017 Tax Cuts and Jobs Act, is an innovative economic development tool designed to spur long-term private sector investments in designated Qualified Opportunity Zones (QOZs), located in 8,762 low-income urban and rural census tracts, throughout the U.S. With an estimated $6.1 trillion of unrealized capital gains eligible for…

Greysteel Capital Markets Update | May 2019

May 3rd, 2019 by Keeley Byer

On May 1, the Federal Reserve voted to hold interest rates steady, between 2.25% and 2.50%, meeting market expectations. The decision follows a much stronger-than-anticipated growth over the first three months of the year. Bureau of Economic Analysis data showed U.S. real gross domestic product (GDP) increased 3.2% in the first quarter of 2019, beating analyst expectations. While consumer spending surged to its highest level in over nine years in March, rising 0.9% overall (0.7% when adjusted for inflation), driven mainly by a jump in health care and motor vehicle expenditures. The 10-year…

Best Places to Live in the USA

April 11th, 2019 by Keeley Byer

Ten cities where Greysteel conducts business were ranked among the top 25 “Best Places to Live in the USA” in U.S. News & World Report’s recently published 2019 annual list. Each year U.S. News analyzes the 125 most populous metro areas in the nation to find the best places to live based on data from the U.S. Census Bureau, the Federal Bureau of Investigation, and the U.S. Dept. of Labor. U.S. News categorizes data into the five indexes and then weights them using a methodology determined by Americans' preferences. To make the top of the list, a…

Greysteel Capital Markets Update | April 2019

April 2nd, 2019 by Keeley Byer

While some analysts point to the dramatic reduction in interest rates over the past six months as an indicator of a possible recession, the economy and broader market are showing mixed signals. Retail sales unexpectedly fell in February while the Institute for Supply Management’s (ISM) Manufacturing Index rose in March. The S&P index was up over 13% in Q1 2019 and although economic growth continues to slow, the next several months will provide greater clarity in the direction of the U.S. economy.

The Federal Reserve's Balance Sheet In Four Charts

March 26th, 2019 by Keeley Byer

Last week, the Federal Reserve announced it will stop shrinking its $4 trillion balance sheet by the end of September 2019 and would like to get back to a balance sheet consisting mostly of Treasuries. Currently, Treasuries account for approximately 55% of the assets on the Fed's balance sheet, MBS account for 40%, and 5% other assets, including gold. Check out the full article with charts below.