A Slow Slowdown

2025-06-08 09:00:00 ET

Real Estate Weekly Outlook

US equity markets rallied to their highest levels since February this week despite a jump in benchmark interest rates to near-four-month highs, after a critical slate of employment data showed lukewarm labor market conditions in May with minimal signs of major tariff-related impacts. Consistent with recent hard economic data indicating a "slow slowdown" - but not the sharp contraction suggested by survey data - the decent payrolls report fueled doubts on the prospects for meaningful Federal Reserve easing this year. Meanwhile, investors weighed questions about the fate of the "Big Beautiful Bill" amid fierce challenges from Elon Musk, alongside signs of thawing in the tariff stalemate with China, with critical trade talks planned for next week....

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