SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends.
The December 2024 economic update highlights the Federal Reserve’s third consecutive rate cut, bringing the federal funds rate to 4.25%-4.50%, as inflation shows signs of cooling and GDP growth projections for 2024 rise to 2.5%. Notable developments include stronger retail sales, resilient industrial property prices, a rebound in November job growth with 227,000 jobs added, and increased small business optimism fueled by policy changes following the 2024 presidential election.
Click below to keep reading about the latest economic updates and real estate news!
