Hopes for Fed cuts dissipate – what happened?

In this episode of CRE Exchange, Cole Perry, Senior Market Analyst of Altus Group, and Omar Eltorai, Director of Research of Altus Group, discuss the overall market’s return to Earth as it moderates its expectations around the pace and magnitude of the Fed rate cuts. The team also discusses PMI, home sales, construction, and REIT earnings that portray a mixed CRE sector whose values and activity continue to be weighed down by the delay in rate cuts. Key takeaways:(00:56) Market expectations for Fed cuts(08:07) Purchasing Manager’s Index(10:31) Existing home sales(11:36) New home sales(12:31) Building permits and new residential construction(14:02) Retail sales(15:04) University of Michigan consumer sentiment index(16:30) Takeaways for the broad market(19:43) REIT performance(22:27) Retailer earnings(27:15) Data releases this week(28:16) Earnings calls this weekResources mentioned:Cole Perry -https://www.linkedin.com/in/coleperry1/Omar Eltorai -https://www.linkedin.com/in/omareltorai/Altus Group -https://www.linkedin.com/company/altus-group/Thanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property