Real Estate Weekly Review
Citing indications of slowing global economic growth and still-nonexistent inflation, the Federal Reserve cut short-term interest rates for the first time since 2008. Perhaps the most closely-watched Fed meeting since "lift-off" in December 2015, the 25 basis point cut was well choreographed by the committee but commentary during the subsequent press conference was seen by most as less "dovish" than expected. Compounded on Friday by threats of additional tariffs on China, US equities delivered their worst week of 2019 with the S&P 500 (SPY) dipping more than 3% and