‘The Liquidity is Still There’

Federal Reserve headquarters in Washington, DC.

SOUTHFIELD, MI—Over the past five days since the Federal Reserve’s Federal Open Market Committee closed out 2016 with a widely expected increase in the federal funds rate, GlobeSt.com has sounded out perspectives on the FOMC’s action from a variety of viewpoints. First, we interviewed Cushman & Wakefield’s chief economist, Ken McCarthy, for an immediate reaction. Next, Madison International Realty president Ronald Dickerman weighed in from the standpoint of an investor.  Now, to represent the lending community, here’s Ernie Katai, EVP and head of production at Berkadia.

GlobeSt.com: Obviously, in the near term the FOMC has raised the federal funds rate another quarter-percentage point.  Longer term, they may be more aggressive in terms of increasing the rate more frequently. What are you seeing, near term and longer term?