BGO’s chief economist, Ryan Severino, provided an update on recent economic developments, noting a busy period for monetary policy, data releases, and trade activity in his most recent post. The Federal Reserve held interest rates steady, balancing slowing inflation against a softening labor market and rising political pressure. Economic indicators show mixed results, with slower job growth, modest inflation acceleration, and a slight rebound in gross domestic product (GDP) and consumer spending. Recent trade agreements, including one with the European Union, suggest that elevated tariffs are likely to remain in place. Despite ongoing uncertainty, Severino indicated that commercial real estate’s recovery is not halted, supported by the prospect of future monetary policy easing.
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