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The May 27 week is shortened in the US by the Memorial Day observance on Monday. Reports normally released on Monday will be moved to Tuesday, and some Tuesday data to Wednesday. There isn’t a lot of market-moving potential in the week’s economic data calendar. The most looked at data will probably be the PCE deflator for April in the report on personal ...
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Investors holding a tranche of top-rated debt backed by commercial real estate have suffered losses for the first time since the housing meltdown collapsed the economy 16 years ago. This alarming development signals a worsening multi-year downturn in the CRE space, fueled by the Federal Reserve's interest rate hiking cycle and plummeting office tower values ...
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