Can The FED Achieve A Soft Landing
Will the Fed Achieve an Economic Soft-Landing?
Inflation Dropped Significantly in June
CPI inflation fell to 3.0% year-over-year in June, down from its peak of 9.1% in June last year
The Producer Price Index, a leading inflation indicator dropped to 0.1%, a clear sign of falling inflation
Economic Drivers Easing, But Crucially Still Positive
Many economic metrics have slowed, but remain positive, suggesting a soft-landing is still viable
1.7 million jobs have been added so far in 2023, sustaining economic growth
Most CRE Property Types Remain Well Positioned
Preliminary 2Q fundamentals suggest most CRE property types have sustained demand
Uncertainty-driven transaction slowdown beginning to thaw; more owners requesting opinions of value
*CPI and PPI through June; Core PCE through May
Sources: Marcus & Millichap Research Services, BEA, BLS
