Tag: economy
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The Line: Consumer Prices Up 2.4% from a Year Ago
While today is Friday the 13th, we promise not to scare you in this edition of The Line. Consumer Prices Up 2.4% From a Year Ago The consumer price index rose 0.3% in February and was 2.4% higher than a year ago. Both these figures matched expectations, so this report is good news. Core CPI, which excludes food and…
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The Line: Private Sector Employment Rose by Just 22,000 in January
It’s the first Friday of the month, which usually means a BLS jobs report. However, since the government shut down for a few days that report won’t come out until next week. Luckily for us ADP came to the rescue yet again, with their January Employment Report. Private Sector Employment Rose by Just 22,000 in…
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The Line: Inflation Lower than Expected in December
There was a lot of economic data released this week, so welcome to another lightning-round edition of The Line. Inflation Lower than Expected in December The core consumer price index, which excludes food and energy prices, rose 0.2% in December and was 2.6% higher than a year ago. Both figures were slightly below forecast, which was…
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The Line: Job Growth Lower than Expected in December
For the first time in a few months, we have a jobs report on the first Friday of the month. Welcome to the “back to normal” edition of The Line. Job Growth Lower than Expected in December That headline really tells you all you need to know, but here are some specifics: To sum up,…
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Affordability Is Not a Pricing Problem. It’s a Supply Problem, and Policy Keeps Missing the Root Cause.
Affordability has become the dominant lens through which New Yorkers talk about housing. It shaped the most recent mayoral campaign, and it has been the stated objective of housing policy for decades. Yet despite sustained attention and repeated interventions, the cost of living, particularly rents, has continued to rise. That’s not because policymakers lack intent.…
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What Yesterday’s Fed Cut Means for NYC Real Estate in 2026
Yesterday, the Federal Reserve issued a widely expected 25-basis-point rate cut — its third consecutive reduction — bringing the benchmark rate to its lowest level in three years. But while borrowing costs moved lower, the tone was unmistakably cautious. As CNBC previewed ahead of the meeting, this turned out to be a true “hawkish cut”— a…
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The Line: The Fed Cut Rates Another 0.25%
Today, The Line tries to fight through a nasty stomach virus to bring you the latest from the Fed. The Fed Cut Rates Another 0.25% By a 9-3 vote, the Federal Reserve approved a 25-basis point reduction in the federal funds rate. It’s worth noting that the last time 3 committee members dissented was September 2019. In case you’re curious, two of the dissenters were against…
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How Long New Yorkers Hold Onto Their Homes (And What It Means for 2026 Real Estate)
A new report from PropertyShark offers a detailed look at how long New Yorkers stay in their homes, and the results show a noteworthy divide. While Manhattan and Brooklyn tend to see faster turnover, homeowners in Queens and the Bronx hold onto their properties for significantly longer. For buyers and sellers alike, understanding these patterns sheds…
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The Line: Finally, The U.S. is Open for Business
Today we celebrate the reopening of our government and hope they never shut down again. Finally, The U.S. is Open for Business After the longest shutdown in history, the federal government reopened on Thursday. For many, this has been the longest 43 days of their lives. There were roughly 600,000 federal employees furloughed, and approximately 700,000 workers who were deemed to be essential and…
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Christopher Halstead Promoted to Chief Strategy Officer at Brown Harris Stevens
NEW YORK, NY (November 13, 2025) — Brown Harris Stevens (BHS), one of the nation’s premier privately held real estate firms, is proud to announce that Christopher Halstead has been promoted to Chief Strategy Officer. In this expanded role, Halstead will oversee the implementation of new company-wide initiatives, streamline operations and efficiencies across regions, and assist with office…