US Executive Podcast – June 2021
Gregory Daco, Chief US Economist, and Lydia Boussour, Lead US Economist, discuss how the latest economic data point to a summer boom with supply gradually responding to stronger demand. While retail sales were softer than expected in May, the report fails to capture the ongoing consumer spending rotation into services. Meanwhile, industrial activity remains on a solid path, despite supply bottlenecks. They also discuss the Fed’s pivot away from its extremely accommodative stance, with more sanguine economic forecasts and a revised median interest rate ‘dot plot’ showing two rate hikes in 2023. With the Fed now actively discussing QE tapering, we continue to expect a formal announcement in August with tapering starting early next year, followed by two hikes in 2023.
Europe: The worst is not behind us yet for commercial real estate
What's the risk of higher for longer inflation & rates, given the hawkish ECB rhetoric. How might the commercial real estate outlook be impacted.Find Out More
Can US travel defy economic gravity?
Both leisure and business travel have rebounded with impressive strength over the past year. However, recession tremors and persistent inflation loom large and threaten the continued recovery of travel. Adam Sacks will share Tourism Economics’ latest views on the economy, the mindset of travelers, and expectations for the evolution of travel.Find Out More