Behind The (Revised) Curve

2025-08-03 09:00:00 ET

Real Estate Weekly Outlook

U.S. equity markets fell sharply this week, while benchmark interest rates retreated to three-month lows, after revised employment data showed that job growth was far weaker than initially reported. Coming just days after the Federal Reserve maintained rates in "restrictive" territory with Chair Powell citing "solid" labor markets and doubling down on forecasts for the still-elusive tariff-driven inflation, the BLS payrolls report showed softer-than-expected hiring in July and the steepest two-month downward revisions to US jobs growth since 2020, raising concern that the Fed may again be "behind the curve" in responding to emerging cracks in economic momentum....

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