The Fed’s Favorite Inflation Metric Just Hit 3%—Cooling Urgency for Rate Hike

A key inflation gauge closely tracked by the Federal Reserve cooled more than anticipated last month even as consumer spending rose, casting doubt on further interest rate hikes this year.   The core Personal Consumption Expenditures (PCE) index, which strips out volatile food and energy prices, ros

Compass Threatens More Legal Action Against MLSs, with CRMLS Leading Opposition

Accusing the mega-brokerage of conducting a scorched earth—and illegal—pressure campaign, California-based CRMLS said it has rejected a Compass “demand” that it alter rules around public marketing, and is preparing its own legal and public response to what it characterizes as self-serving and cynica

An East Village Factory Conversion by an Architectural Scholar and Artist

In 2001, the architecture critic and scholar Robin Middleton bought a former tile factory on East 13th Street and remodeled it to match his unconventional life. There were no bedrooms, just sleeping alcoves set into the walls. A kitchen, without cabinets, had only the “minimum equipment necessary...

World Cup Delivered $2 Billion Economic Boost to New York City—and a Win for STRs

The 2026 FIFA World Cup delivered an estimated $2 billion economic boost to New York City this summer, as more than $1 billion in visitor spending flowed into hotels, restaurants, shops, and other businesses across the five boroughs. Mayor Zohran Mamdani announced the figure Wednesday, offering the