Multifamily professionals are on Federal Reserve watch this week as the central bank prepares to announce its next call on interest rates Wednesday afternoon.
The debate isn’t so much whether the Fed will decrease rates, but whether it will be by a quarter-point or half-point. Assuming that it happens, the cut would represent the first since 2020. Equally important will be Fed Chair Jerome Powell’s comments on the path of interest rates for the remainder of 2024 and next year.
This move would also come at a time when key economic indicators remain steady. The Fed is trying to execute a so-called “soft landing” as inflation cools slightly and some workers face the threat of layoffs.
Source: How the Fed’s Rate Call Will Impact Multifamily – Multi-Housing News
