The Inflation That Wasn't

2025-06-15 09:00:00 ET

Real Estate Weekly Outlook

US equity markets retreated from the cusp of record-highs this week - while benchmark interest rates moderated - as encouraging inflation data showing surprisingly muted tariff-related inflation was spoiled by surging oil prices amid a sudden escalation in Middle East tensions. Upsetting the key disinflationary offset - lower energy prices - that has kept overall inflation suppressed in recent months, the exchange of attacks between Iran and Israel sent global oil prices surging to four-month highs this week, and potentially shifted the volatile geopolitical calculus - and monetary policy outlook - ahead of a critical week of central bank policy decisions, headlined by the U.S. Federal Reserve....

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