Parsing the minutes of last month's Fed meeting had many commercial real estate experts reading between the lines of what might happen to the sector in the short term, particularly as many within the Fed are advocating a 50 basis point increase in the overnight rate.
Ultimately, the Fed stuck to a 25 basis point uptick, but "the minutes suggest that one or more 50 basis point increases could be appropriate if inflation pressures remain elevated or intensified," said Marcus & Millichap's John Chang in a recent video.
"That suggests the Fed could raise the overnight rate by more than 200 basis points this year."
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