Federal Reserve officials held rates steady at their meeting Wednesday, but revised their forecast for rate cuts to just one this year. When that first cut might happen is anyone's guess.
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Residential & Commercial Real Estate Broker | Commercial Project Manager | Accountant | Oper Finance Mgr | Project Accountant Controller | Project REAP Fellow 2023 #ONO
What are your thoughts? Do you think we will see 3 interest rate cuts this year? Some are skeptical due to the still high inflation, while others are optimistic. Will 3 rate cuts drastically boost office and other commercial development? The Federal Open Market Committee on Wednesday didn't budge on interest rates, noting that it “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent,” the central bank said in a statement. Nine FOMC members said they believe three interest rate cuts this year are appropriate, in line with what the committee indicated in December. Five other members indicated that two cuts would be the correct course, according to materials released by the Federal Reserve Wednesday. Most of the commercial real estate industry has waited on pins and needles for an interest rate cut for months, looking for relief from the financing squeeze instigated by rate increases. Although the industry wants the cuts, not everyone is confident they will happen, citing the persistently high cost of housing. High interest rates continue to impact commercial real estate, and other factors, such as the underutilization of office space, are applying pressure to industry fundamentals. The delinquency rate for CMBS loans associated with office assets came in at 6.6% in February, according to Trepp, up from 2.4% a year ago. Overall, the CMBS delinquency rate for all property types was 4.7% in February, up from 3.1% a year earlier. At the beginning of the year, about 19.6% of office space in major U.S. metros was vacant, according to Moody’s Analytics, up from 18.8% at the end of 2022 and higher than the previous record of 19.3%, reached in 1986 and 1991. Work-from-home was a factor in the rise, but a legacy of overbuilding during the long periods of low interest rates this century also played a role. Office development activity in 2023 was the lowest it has been since 2012. #wicre10day #wicre #interestrates #commercialrealeatate #commercialdevelopment
Federal Reserve Still Sees 3 Rate Cuts In 2024 But Holds Rates Steady For Now https://trib.al/OhE7uXY
Federal Reserve Still Sees 3 Rate Cuts In 2024 But Holds Rates Steady For Now
bisnow.com
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https://lnkd.in/e-dXsXpX The Federal Reserve kept its benchmark interest rate in a range of 5.25%-5.50% on Wednesday, leaving rates at their highest level in 22 years to close out 2023.
Federal Reserve holds interest rates at 22-year high, signals three cuts next year
finance.yahoo.com
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Curious about #interestrates? The fed is holding steady, but check out this article below to see what is on the horizon
The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them, though not necessarily right away. In a statement issued after their two-day meeting, Fed officials dropped their previous assertion that a rate hike was possible and instead adopted a more even-handed assessment of the future policy path. #interestrates #federalreserve #ratehike
Fed signals openness to cutting interest rates, but not quite yet
dallasnews.com
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Fed Interest Rate policy - UPDATE During their policy meeting last month, Federal Reserve officials indicated that interest rates were at or near their peak and that rates would likely be reduced by the end of 2024. Officials "reaffirmed that it would be appropriate for policy to remain at a restrictive stance for some time," although some Fed members also highlighted the economic risks of being overly restrictive. #interestrates #multifamilyrealestate #realestate https://lnkd.in/gwb4-YTg
Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts
apnews.com
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The Federal Reserve held its target federal funds interest rate steady in a range of 5.25% to 5.50% following its regularly scheduled two-day meeting, as expected by investors and economists. #usbank #economy #mortgage #finance #homeownership #generationalwealth #wealth #juneteenth2024
The Federal Reserve held interest rates steady on Wednesday and signaled that only one 0.25% cut may be coming later this year. https://bit.ly/3VGdqUM
Federal Reserve keeps rates steady, remains open to rate cuts later this year if data warrants | U.S. Bank
usbank.com
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Interesting to see Powell indicate rate cuts earlier in 2024 rather than later. Explains the surge on the Exchange. Not surprising, either, considering it’s an election year. But if we can get through 2024 with rate cuts and no Biden regime, that would be the relief we need. https://lnkd.in/dmPp4xrN
With rate hikes likely done, Fed turns to timing of cuts
reuters.com
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The Federal Reserve holds interest rates steady but signals rate cuts may be coming. The Federal Reserve held interest rates steady on Wednesday but signaled that rates could fall in the coming months if inflation continues to cool. Policy makers have kept their benchmark interest rate between 5.25% to 5.5% — the highest in over two decades — since July. In its post-meeting policy statement, the Fed's rate-setting committee replaced a reference to possible future rate hikes with a more neutral reference to "adjustments" in interest rates. Still, policymakers added... https://lnkd.in/d7q9sV3s
The Federal Reserve holds interest rates steady but signals rate cuts may be coming
allsides.com
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MBA - Business Analytics| CFA Candidate | Financial Disruptor | Cybercrime Disruptor | Strategic Vision for Bottom Line Improvement
Prediction and opinion, NOT advice: Too much caution, too high unemployment for hawkishness. We need 50 - 75 basis points over the next nine months to get housing inventory moving and non STEM educated working. Or pay for tuition to retrain. Regardless, retraining will be a requirement of the workforce over next 1-2 decades This is my personal sentiment and not investment advice
The Federal Reserve held interest rates steady on Wednesday and signaled that only one 0.25% cut may be coming later this year. https://bit.ly/3VGdqUM
Federal Reserve keeps rates steady, remains open to rate cuts later this year if data warrants | U.S. Bank
usbank.com
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5 reasons why the US Federal Reserve may leave interest rates unchanged in January. Follow the link to know more https://lnkd.in/dk6AhJ28
5 reasons why the US Federal Reserve may leave interest rates unchanged in January
cnbctv18.com
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