Scott Silver

💸 The Federal Reserve’s recent rate cut hasn’t led to lower market interest rates, with the five-year Treasury yield at 4.31% and the ten-year at 4.47%, the highest since early 2023. BRICS nations considering their own currency could further increase U.S. rates. Gold prices are over $2,600 per ounce, indicating a move away from the dollar. September’s strong jobs report was influenced by public-sector employment, raising concerns about private-sector growth. U.S. policy could affect the hotel industry, with energy expansion possibly offset by trade tensions and tariffs. The hotel sector faces economic challenges in 2025, with financing costs remaining high.