Inflation, The Fed, Oil, War, Stocks, Rates
Fed Chair Powell emphasized "frustrating" services inflation at 3.1% core PCE during last week's remarks, justifying steady 3.5-3.75% rates amid $102 oil from Iran war and tariff pressures, slashing 2026 cut odds to one event. Shelter and wages remain sticky hurdles above 2% target, per CNBC coverage; markets now price July easing at 60% if oil recedes, balancing growth risks. ( Read More)
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Oil Steadies as U.S. Seeks to Avert Energy Crisis
U.S. stocks rebounded modestly on Friday, with the Dow adding 0.4% (around 185 points to 46,500), S&P 500 gaining 0.6%, and Nasdaq rising 0.8%, buoyed by oil steadying at $102/barrel after U.S. diplomatic overtures eased Iran energy crisis fears. Energy shares climbed 2% on supply resilience, offsetting prior inflation jitters; broader indices recovered off lows as VIX dipped below 25. (Read More)
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New York Top Real Estate Deals
NYC residential real estate logged $421 million in transactions last week, signaling sustained spring momentum with a 12% year-over-year rise in contracts across luxury segments. Leading the pack was a grand 5-bedroom town-house at 32 East 64th Street on the Upper East Side—5,500 sq ft with elevator, roof terrace, and Madison Avenue proximity—closing at $17.5 million after outbidding three rivals.
(Read More)
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"Mortgage Demand Sinks Nearly 11% as Rates Hit Months Long Highs"
"Mortgage refinance demand plunges 19% after interest rates shoot higher."
These were some headlines last week, but this is the reality: While refinancing of mortgages plummeted 19%, purchase mortgage applications rose 1%. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, increased to 6.30% from 6.19%. Rates hit the highest level since Dec 2025. (Read More)
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Gold, Yields, and Earnings
Gold prices dropped nearly 10%, falling for the third week in a row from a record high of more than $5,500 to ~$4500/oz.
Prices of U.S. bonds fell for the third week in a row, lifting the yield of the 10-year U.S. Treasury to Friday’s close of 4.39%.
Analysts are expecting that companies in the S&P 500 will report double-digit earnings growth for the 6th consecutive quarter (Read More)
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Last week, many around the world celebrated Eid and Nowruz. Ramzis is in Bulgaria surrounded by his loving family and wife who made it even more special. We wish them all a Happy Eid al-Fitr and hope this is a wonderful end to restful and reflective Ramadan.
Persian's call this day Nowruz which translates to "New Day" or as we like to call it - New Year. Jarod is with his Iranian wife and in-laws celebrating as much as possible. It has been difficult to be joyful in times like these, but being with family is always helps.
We hope you enjoyed welcoming the new season of rebirth, renewal, and growth.
Happy Spring Equinox, Eid, and Nowruz!
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6 Bed | 7 Bath
Open: 3/22 12:00PM - 01:30PM
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323 West 11th Street, Unit 2WE
3 Bed | 2 Bath
Open: 3/22 12:00PM - 01:00PM
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45 Sutton Place South, Unit 12L
2 Bed | 2 Bath
Open: 3/22 12:00PM - 01:30PM
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135 West 4th Street, Unit 2W
2 Bed | 2 Bath
Open: 3/22 01:00PM - 02:30PM
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172 Madison Avenue, Unit 24B
2 Bed | 2.5 Bath
Open: 3/22 02:00PM - 03:30PM
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55 West 95th Street, Unit PHE
2 Bed | 2 Bath
Open: 3/22 03:00PM - 04:30PM
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610 West 110th Street, Unit 8AB
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35 East 20th Street, Unit 6B
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26 South Oxford Street, Unit 1A
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532 West 111th Street, Unit 26
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529 West 42nd Street, Unit 7B
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530 Grand Street, Unit E8C
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43-33 42nd Street, Unit 6B
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© Compass 2026 ¦ All Rights Reserved by Compass ¦ Made in NYC
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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