Fed interest rate cut bets adjust after PCE inflation report

Fed interest rate cut bets adjust after PCE inflation report

The FOMC voted unanimously to hold the fed funds rate at a target range of 5.25–5.50%. Source: Chatham Financial

Fed interest rate cut bets adjust after PCE inflation report

The U.S. multifamily market has faced pressure in recent quarters. Occupancies have slipped due to a rise in development

The PCE index increased by 0.3% last month, while the core rate, which excludes food and energy and is the Federal Reserve’s preferred measure, rose by a modest 0.2%

U.S. economy gained speed in May. The service sector led the upturn, the largest output rise for a year, but manufacturing also showed stronger growth.

Consumer prices increased by 0.3%, driven primarily by higher oil prices and housing costs

In spite of current capital markets headwinds, long-term demand drivers for the life sciences industry are strong.

Higher average tax refunds in 2024 boosted consumer spending, leading to a 4.0% increase in April retail sales and a 3.5% rise in foot traffic over the year.