RealPage Economy Express Episode 11

by   Arben Skivjani
  Posted   September 21, 2023
  in   Economy Express ,   Insights

Episode 11: No rate hikes for now, but will there be more in the near term?

  • Privately‐owned housing completions were up by 3.8% in August, according to a recent report from the U.S. Census Bureau. 
  • On the other hand, multifamily permits continue their downward descent.
  • August marked a second month of increased inflation, though excluding housing from the measure does paint a more positive picture.
  • In a recent press conference, the Fed resolved to maintain the current interest rates for now but hinted at more rate hikes before the year ends.
  • In good news, the Fed has essentially ruled out a recession in the upcoming two quarters.

For more information on the state of the U.S. Economy, including forecasts, watch all the episodes of the Economy Express series.

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