X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For those in commercial real estate worried about the immediate economic future, today brought a double dose of bad news.

First, in order of occurrence, the Atlanta Fed gross domestic product (GDP) tracker just indicated an update of estimated second quarter economic growth: 0%. Then came the moment many had been steeling themselves for. The Federal Open Market Committee of the Federal Reserve raised its benchmark interest rate by 75 basis points, the largest since 1994, according to multiple outlets, and a jump up from the 50 bp increase that the Fed had previously telegraphed. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt Net Lease Fall 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.