The big takeaways from the Federal Reserve's commentary around its latest rate hike for CRE investors? Interest rates will continue to tick up, although the pace of increase could slow — and the risk of a recession in 2023 is rising.
"The Fed won't blink if it comes," said Marcus & Millichap's John Chang. "We may be facing a bumpy road in 2023 but if the Fed's plan works, inflation will come back down and the economy will enter a new growth cycle."
Chang says the Fed has "basically suggested they're done front-loading rates."
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