The Federal Reserve recently revealed a move to raise the overnight rate by 50 basis points, in a move one industry watcher says could portend good news for the commercial real estate investment market.
"It looks like inflation is abating but we're not out of the woods yet," Marcus & Millichap's John Chang says. "The good news is it appears the Fed is finally shifting gears."
Chang believes the recent movement by the Fed suggests the central bank is likely going to slow rate increases and take a wait-and-see approach, which could mean a 25 bps increase in February and a 25 bps move in March — or no move at all.
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