^{April 15, 2024 | Reading Time: 1 Minute}

In 2024, the greatest potential for upheaval lies in unexpected events, akin to black swan occurrences like the pandemic. Despite the current focus on monetary policy over fiscal policy in the United States, keeping an eye on the Federal Reserve’s actions is crucial, especially regarding interest rates. While the Fed aims to prevent stagflation or a recession combined with inflation, the possibility of significant rate drops remains if faced with another major crisis. Despite the overall strength of the economy, the uncertainty of potential black swan events emphasizes the importance of preparedness, particularly in maintaining cash reserves and adaptable cash flow. While residential real estate may benefit from low rates, the commercial and larger multifamily sectors might face uncertainties.