August 13, 2024 at 11:27PM
Chief operating officer of Balckstone spoke on CNBC on TRuesday:
US economy has been resilient
but now there are signs of a slow down
pointed specifically to weaker consumer sector
says with inflation coming down, including in rental housing, the Federal Reserve could help the economy with rate cuts
“… as this slowdown continues it gives the Fed room to cut to hopefully soften this blow”
Blackstone has specific concerns with the office property market, which he said has “more fundamental” issues than the rest of real estate”
Blackstone is an investment management company based in the US
This article was written by Eamonn Sheridan at www.forexlive.com.