This is a narration of our weekly Rent and Operating Trends Report.
The U.S. economy continues its steady growth as the calendar turns to September. While monetary policy is still up in the air, and as a result investment markets remain turbulent, major economic fundamentals have stabilized. The Personal Consumption Expenditures Index increased by 3.3% on an annualized basis, but the 0.2% monthly increase in July is in line with the Fed’s target rate of inflation. Second quarter GDP was revised downward to 2.1% annualized from 2.4% the previous month. Despite the slight reduction, overall growth remains steady...
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