Remote work and downsizing are long-term challenges for real estate investment trusts (REITs) that own office space. But Vici is different. Vici is an "experiential" focused REIT that owns some of the most recognizable casino resorts and other trophy properties in the world, including Caesars Palace, MGM Grand, The Venetian, and Chelsea Piers, to name just a few of the 90-plus holdings. The focus on trophy properties has many advantages. First, they are extremely difficult to replace. Building a strip mall ...

Monetary Policy - A potential Bank of Thailand governor aims for a "little more aggressive" approach in communicating interest rate strategies [1] - The candidate emphasizes the need for enhanced coordination between monetary and fiscal policies [1]

UK inflation unexpectedly rose to its highest level since January 2024 as food prices jumped, keeping some pressure on the BOE as it looks to continue dialing down interest rates https://t.co/XrBfhP9EZ7 ...

Inflation Trends & Analysis - Consumer prices rose 27% year-over-year in June, accelerating from May's pace [1] - Tariffs are beginning to impact prices of imported goods like toys, apparel, and furnishings [2] - Offsets from sectors like energy and housing could temporarily keep inflation in check [3][4] - Core inflation is settling around 3%, while headline inflation is around 25%-3% [7] - Current inflation levels are significantly higher than pre-COVID levels of 15% [8] Federal Reserve & Interest Rates - In a 3% inflation environment, the Fed is unlikely to move rates, keeping the funds rate at 4% [6] - Market may reject Fed rate cuts if they are perceived as unnecessary stimulus, potentially leading to higher rates [10] - A 300 basis point rate cut, as desired by President Trump, could inject excessive stimulus and produce inflation [11] Economic Factors - The supply chain shock that contributed to the previous 40-year high inflation has largely dissipated [7] - Personal Consumption Expenditures (PCE), the Fed's preferred inflation measure, may show a 03%-04% rise [5]

>> Welcome back. Consumer prices picked up slightly in June, but largely in line with expectations. Joining me now to discuss is Apollo Global Management chief economist Torsten Slok.It's good to have you, Torsten. You have been one of the economists warning that tariffs are going to be inflationary. Just not seeing it yet in a.>> Big way. Hold on. This report does mark the liftoff in inflation.If you look at the subcomponents for tools, for toys, for apparel, for furniture, it's very clear that you're not ...

WELCOME TO MEET THE PRESS NOW. I'M GABE GUTIERREZ IN WASHINGTON, AND WE BEGIN IN PENNSYLVANIA, WHERE PRESIDENT TRUMP IS SPEAKING AT A SUMMIT ON AI AND ENERGY AS HE SEEKS TO TOUT A KEY PROVISION IN THE SWEEPING LEGISLATION CONGRESSIONAL REPUBLICANS DELIVERED FOR HIM IN A STATE THAT HELPED DELIVER HIM THE WHITE HOUSE. HERE'S A LIVE LOOK AT THAT SUMMIT IN PITTSBURGH, WHERE THE PRESIDENT JUST FORMALLY ANNOUNCED A $90 BILLION INVESTMENT IN AI, ALONG WITH THE ENERGY NEEDED TO POWER IT.>> TODAY'S COMMITMENTS ARE E ...

Some investors had clung to a bit of hope that the Federal Reserve would cut interest rates at its next meeting on July 30. Tuesday's report on inflation brought the chances of that down even further. https://t.co/UVSA47RZPw ...

Let's bring in former Fed Governor Randy Crosner. Talk about Randy. Maybe the data first.A lot of the coverage this morning sort of hints that we're beginning to see some residue around tariffs on this print. You agree. So, we're certainly seeing a little bit of that.You know, if you look at particular categories like toys, furniture, etc. You are seeing uh a little bit higher inflation than we'd seen in the past. But um if you look overall, it's hard to see a big impact yet. And that's the big debate.Is it ...

New key inflation data is in from the Bureau of Labor and Statistics. June's consumer price index jumped uh.3% from the month before, putting the year uh over-year inflation rate at 2.7%. That's in line with expectations.We've been talking about it for years. We talked about it during the Biden administration. We're talking about it now during the Trump administration.Our economy gets uh so much thrown at it and it just seems to put its head down, keep going. These are pretty good numbers. These are good nu ...

Inflation Trends & CPI Analysis - The Consumer Price Index (CPI) increased by 03% month-over-month, aligning with estimates, while core CPI (excluding food and energy) rose by 02%, slightly below expectations [1] - Year-over-year, consumer inflation increased by 27%, and core inflation rose by 29% [1][2] - Inflation is heating up slightly compared to the previous month, where both headline and core inflation increased by only 01% [2] - Core CPI has been consistently lower than estimated for the fifth consecutive month [3] Tariff Impact & Business Strategies - Initial data suggests that tariff increases are contributing less than a third to the monthly CPI increase, with some pressure emerging in categories first exposed to tariffs [7] - Businesses are employing various strategies, including inventory management, alternative sourcing, cost spreading, and margin adjustments, to buffer the impact of tariffs and avoid passing costs directly to consumers [9] - Apparel prices rose by 04%, footwear increased by 07%, and furniture/furnishings prices also saw a rise [8][31] - The effective tariff rate in June was only 10%, while the average tariff rate was around 15%, indicating that the full impact of tariffs has yet to materialize [14] Federal Reserve & Monetary Policy - The Federal Reserve faces a challenging decision regarding interest rate cuts, amidst pressure from the White House and the need to maintain its 2% inflation target [4][17] - The current federal funds rate is considered moderately restrictive, putting downward pressure on demand [18] - There is a risk that prolonged elevated inflation could become ingrained in people's expectations, potentially settling around 3% [20] - The Fed is closely monitoring core services inflation, which has been stubbornly slow to decline, to ensure momentum towards the 2% target [21][25] - The FOMC is divided on future rate cuts, with varying opinions on the number of cuts in 2025 [29] Specific Price Changes - Beef prices saw a significant increase of 2%, while egg prices decreased by 74% [32][33] - New vehicle prices dropped by 03%, and used cars/trucks decreased by 07% [34] - Shelter costs moderated, increasing by 02% compared to May's 03% rise [35] - The energy index rose by 09% in June, with the gas index increasing by 1% [36]