Focus — May 16, 2025

U.S. Commercial Real Estate Update

Sal Guatieri, Senior Economist

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Award-Winning Forecasting in 2023 by BMO Economics:

#1 U.K. Pound
(among 28 global firms)
#3 Euro Area policy rates
(2^nd year in a row)
(among 24 global firms)
— Focus Economics Survey, May 2024

Talking Points — May 16, 2025

From Grizzly to Giddy in 40 Days

Douglas Porter, CFA, Chief Economist