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Podcast: The Real Estate Espresso Podcast
Episode: The Fed Pivot Is Here
Description: For the past several months I’ve been predicting that the Fed will need to pivot on their interest rate policy.Â
As recently as Thursday of last week I predicted that the Fed would have no choice but to drop interest rates based on labor market weakness. I also predicted that we would hear some meaningful update at the Jackson Hole conference in Chair Powell’s remarks on Friday morning.Â
I don’t have a crystal ball, although I expect to some that it might seem like I do. On Friday morning Chair Powell did indeed a...