Xander Snyder (@XanderSnyderX) profile picture

Sr Commercial Real Estate Economist at First American Financial. Native Angeleno. Opinions, views, and perspectives contained in tweets are my own.

Joined December 2012
Photo by Xander Snyder (@XanderSnyderX)Photo by Xander Snyder (@XanderSnyderX)Photo by Xander Snyder (@XanderSnyderX)Photo by Xander Snyder (@XanderSnyderX)Photo by Xander Snyder (@XanderSnyderX)Photo by Xander Snyder (@XanderSnyderX)Photo by Xander Snyder (@XanderSnyderX)Photo by Xander Snyder (@XanderSnyderX)Photo by Xander Snyder (@XanderSnyderX)Photo by Xander Snyder (@XanderSnyderX)
Warsh: "…oil futures prices have gone up over the last several weeks, and I can't help but take note of that too"
65
Warsh (paraphrase): These five task forces are hard at work. I haven't seen anything that would count as final report. But these are huge intellectual investments that I think are going to bear fruit at the next policy juncture. Nov. 16th, productivity and jobs task force will..
1
1
84
...be having a field hearing. Is this a productivity miracle, or will this productivity improve more slowly. I expect the conference will be 3-4 hours, pretty wonky stuff. We'll explore these in the public realm.
21
Fed Chair Warsh: "New monetary medicine. What's in this package? First, we doubled down on 2 percent inflation target. We own it, we take responsibility for it, and if you think that we're tolerating some inflation target somewhere in the 2s, let us disabuse you of it.
1
108
Second, we took responsibility. Third thing we've done, we've laid out to you and the world our framework, at Jackson Hole. This is how we think about how monetary policy should work, using the transmission mechanisms and this is how we're going to deliver. Then, we...
1
25
...interrogate reality. Don't just talk, react. So in September, when we last met, we acted, and removed a dose of accommodation."
19
A new Fed meeting schedule in 2027, 2028. Fed Chari Kevin Warsh just announced a change in FOMC meeting schedule. He said that, while 8 meetings is appropriate, in 2027 one of those meetings will focus exclusively on broad monetary policy strategy. At this new type of meeting...
1
153
..., there will be no vote on Fed funds rate or policy. In 2028, there will be two such policy strategy meetings with no votes.
35
As was widely expected, the Federal Reserve paused again today. Unlike at its September meeting, where the vote to hike by 25 bps was unanimous, there were two dissenters at the October meeting who instead preferred a 25 bps increase. The Fed's press release noted that, while..
1
1
107
Financing pressure is still present on the long end of the yield curve, which are regular benchmarks for CRE mortgages, and they remain elevated. Absent a significantly weaker labor market, I imagine a rate hike in December is likelier than not.
1
22
Despite the many challenges in the housing market, one fact that has gone less covered is how much equity homeowners currently have across the country. @GenaroVillaJr Villa, the newest member of First American's economist team, points out that this $13.2 trillion dollar...
1
1
74
How much water and electricity do data centers consume, really? For me, it's pretty hard to construct an intuitive sense of scale when units like billions of gallons and terawatt hours are involved. In the latest episode of the #REconomy podcast...
1
1
1
350
...@odetakushi Kushi and I make tangible comparisons to make these easier to interpret: regular office buildings, golf courses, cities, and state equivalent comparisons.
1
1
57