This is a narration of our weekly Rent and Operating Trends Report.
The U.S. economy rests on solid footing following last week’s Fed meeting. Interest rates remained flat last week, and while the Fed may yet raise rates once or twice more this year, the end of the tightening cycle is clearly in view. Inflation continues to slow down, yet the consumer remains strong. Both retail sales and consumer sentiment for May were released after the Fed meeting, with both metrics exceeding analyst expectations. Unemployment remains low and job formation continues, underpinning the strength of the economy. There will continue to be micro-recessions in different sectors of the economy, especially those dependent on leverage and debt financing, yet the macro economy will likely continue to move forward at a slow and steady pace.
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