Yesterday's announcement of a 50-basis point benchmark interest rate increase by the Federal Reserve's Federal Open Market Committee was expected to have a conciliatory, kinder, and gentler tone.
But, for the CRE industry, if the announcement were a movie, it was less romcom and more opening undertones of dread in a horror film.
Yes, there was an increase of "only" 50 basis points. Historically a fast clip, but far better than the previous four 75-basis point ones so far this year. Not counting the other couple of hikes at the beginning of 2022.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
