Disinflation, Wall St Edges Higher, Rally In Banks Offsets Jitters About Hawkish Fed, Advantage - Buyers or Sellers? followed by

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Disinflation

The personal consumption expenditures (PCE) price index rose 3.8% in May on a 12-mo basis, the slowest increase since Apr '21. If you don't believe disinflation is happening, you aren't paying attention. The Fed was right to pause and needs to hold firm at these levels to prevent over-correcting and causing an unnecessary recession to fight a beast that is now under control. (Read More)

Wall St Edges Higher, Rally In Banks Offsets Jitters About Hawkish Fed

U.S. stock indexes ticked up last week as bank shares rose after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank.

Shares of Wells Fargo (WFC.N) were up more than 4%. (Read More)

Advantage - Buyers or Sellers?

Which side of the deal does this market favor right now? What if neither side has the advantage? That’s the scenario right now in Manhattan. We are seeing that new listings are "muted", resale contracts are behaving seasonally, prices are stable for resale co-ops, condo prices are up and down, and big discounts are still being offered. (Full Story)

Team News

Happy 4th of July!

Happy Fourth of July to you and your loved ones!

We have been lucky enough to spend the last week with our family visiting from out of town and plan to be outside on Fourth of July, cooking, laughing, and making memories with our nearest and dearest.

With every burger flip or weeny roast, let this day inspire us to embrace unity, diversity, and the pursuit of our dreams.

Happy 4th of July, everyone!

🎇 🇺🇸 🎆

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258 Broadway, Unit 6B TriBeCa 3 Bed \| 2 Bath	70 Washington Street, Unit 12A DUMBO 1 Bed \| 1.5 Bath
70 La Salle Street, Unit 12D Morningside Heights 2 Bed \| 1 Bath	114 West 17th Street, Unit 5F Chelsea 3 Bed \| 2.5 Bath

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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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Disinflation, Wall St Edges Higher, Rally In Banks Offsets Jitters About Hawkish Fed, Advantage - Buyers or Sellers?

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