SMA - Echoes Of Earlier Easing
2025-09-28 09:00:00 ET
Real Estate Weekly Outlook
U.S. equity markets snapped a four-week winning streak, while benchmark interest rates rose for a second straight week, as investors parsed a surprisingly strong slate of economic data showing hearty consumer spending, an uptick in home sales activity, and a notable moderation in jobless claims. The Citi Economic Surprise Index has completed a volatile round-trip this month, plunging in early September ahead of the Fed rate decision before rebounding sharply, propelled this week by an upward revision to second-quarter GDP growth to the strongest pace in two years. While recent data has been especially noisy, the early trend has echoed patterns seen around the prior round of Fed easing in late 2024, when mid-year weakness prompted a policy pivot that was subsequently cut short by a late-year rebound in activity....
Echoes Of Earlier Easing