
SVN ECONOMIC UPDATE - KEY POINTS
The Federal Funds Rate has now reached its highest benchmark since early 2008 with the target lending rate range between 3.75 and 4 percent as the Fed seeks to harness inflation. Still, the US economy added 261,000 jobs in October with notable gains in health care, professional and technical services and manufacturing, thus signaling a resilient labor market despite any economic constrictions. Here are some highlights from SVN's five-page November 4th report: Multifamily CAP