The chief operating officer of Blackstone emphasized the current challenges faced by the US economy, noting that while the overall performance remains robust, there has been an evident slowdown, particularly in the consumer sector. With inflation rates declining in areas like rental housing, the Federal Reserve is seen as capable of providing support through rate cuts, aiming to alleviate potential economic blows. Notably, Blackstone expressed particular concern over the commercial office real estate market, believing it faces more fundamental issues than other real estate sectors, requiring deeper attention and strategic adjustments.