All eyes are on the Federal Reserve this week as its members gather for their two-day policy meeting. One point – the only point, really – on which the market is hoping for clarity is the timing of its interest rate cuts and how many there will be.
It is widely expected that Fed officials will keep the rate unchanged and signal that they still need further evidence that inflation is returning sustainably to their 2% target. The only unknown is its future forecast.
For the most part, the market and economists have come to accept the likelihood that the earliest the Fed will begin to reduce rates is in June. And there is a dawning realization that it is more than possible that the Fed will only reduce rates twice this year, instead of the promised three cuts. But could the news be worse?
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
