The real estate market has had a rough ride since the Federal Reserve began raising interest rates in March 2022. But as expectations strengthen that the central bank will start cutting next month, the outlook is rebounding for property shares.
Daily Archives: August 23, 2024
Macro Briefing: 23 August 2024
* Markets will focus on today’s speech by Fed Chairman Powell at Jackson Hole
* US existing home sales rise in July–first monthly gain in 5 months
* Canada government ends rail strike, ordering arbitration for labor dispute
* July economic output slowed: Chicago Fed Nat’l Activity Index
* US jobless claims up slightly, remain middling vs. recent history
* US economic activity eases in August but still points to 2%-plus growth: PMI
