In this episode of Economic Insights for March 2024, presented by the Miami Real Estate Podcast in collaboration with LeadingRE and Luxury Portfolio International, our hosts, Chief Economist Dr. Marci Rosell and podcast correspondent Jessica Edgerton, explore the factors influencing the Federal Reserve's target interest rate. With the economy growing at around 2.5% and inflation hovering at 2%, there's a nuanced calculation to determine the appropriate Fed funds target rate. The discussion delves into the importance of monitoring inflation closely and adjusting interest rates accordingly, to maintain economic stability.

Furthermore, they examine the structure of the Federal Reserve System and its regional banks, emphasizing their pivotal role in shaping monetary policy decisions. Shifting focus, they analyze the dynamics of mortgage rates and the challenges facing commercial real estate, particularly office spaces. While some sectors, like warehousing and senior housing, thrive, office space accounts for a significant portion of commercial real estate facing challenges.

Zooming out to a global perspective, they discuss significant shifts in working-age populations in major economies like China, which is facing a decline in its workforce. This demographic trend has far-reaching implications for global economic dynamics. Lastly, they touch on upcoming updates in the antitrust landscape before concluding the episode.

Join them as they navigate through these economic insights, providing valuable perspectives on the current economic landscape. Stay tuned for more updates in their future episodes.