Declining US Inflation Paves Way For Rate Cuts In Coming Months, US Stocks Rise Amid Earnings, Fresh Fed Comments On Rates, Luxury Retailers Followed by

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Declining US Inflation Paves Way For Rate Cuts In Coming Months

A rapid fall in US inflation has opened the way for interest rate cuts within months, the OECD said, but it warned that Britain would suffer from the G7's fastest price growth.The OECD's interim outlook, published on Monday, predicted US inflation of just 2.2 percent in 2024 and 2 percent in 2025 among the lowest rates in the G7. (Read More)

US Stocks Rise Amid Earnings, Fresh Fed Comments On Rates

The Dow Jones Industrial Average

rose last week, recovering from a brutal sell-off after the Federal Reserve held steady on rates but signaled that a March cut is unlikely

. It was a fresh record close for the blue-chip index, which also wiped its losses from earlier in the week.

(Read More)

Luxury Retailers

Prada, Gucci parent companies among those spending hundreds of millions of dollars for Fifth Avenue properties from their landlords, flush with massive recent profits fueled by luxe-flation. In NYC, Prada recently agreed to buy the building that houses its Fifth Avenue store as well as the building next door for more than $800 million. Gucci’s parent company, Kering, is also paying nearly $1 billion for a 115,000-square-foot retail space a few blocks south. (Read More)

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Working With the Best

Last week, we had the pleasure and honor of spending an amazing afternoon with longtime colleague Michael Landsman of Holm and O'Hara - NY Attorney's At Law. We've done hundreds of deals with this firm over the last 20+ years and couldn't hold them in higher regard. It was great to hear what Michael and his team had to say about the firm, about our team, and about the future of our partnership. Can't wait to see what this year brings for us! Check out what we got up to by clicking the button below.

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Declining US Inflation Paves Way For Rate Cuts In Coming Months, US Stocks Rise Amid Earnings, Fresh Fed Comments On Rates, Luxury Retailers

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