Overall, the U.S. economic outlook is brightening: recession odds have decreased, job growth remains solid, and inflation is likely easing. While tariffs and trade policy continue to present uncertainties, the market response suggests more adaptation than overreaction, with investors and policymakers appearing more comfortable with the evolving landscape. Upon its early July passing, President Trump’s One Big Beautiful Bill Act had less market impact than expected. Assuming these trends continue, the Federal Reserve seems likely to move cautiously toward rate reductions in the second half of the year.
Similarly, Palm Beach’s luxury residential real estate market demonstrated resilience in Q2 2025, and continued to attract capital and confidence, particularly at the ultra-high-end. Broadly, transactions are up in key segments and prices remain elevated. Nearly 70% of single-family trades in the first half of 2025 sold for over $10 million, reflecting the island’s ongoing appeal as both a lifestyle destination and a long-term store of value. Even if traditional markets grow more volatile, Palm Beach continues to stand apart as a haven of security, safety, and lasting demand.