The Federal Reserve left interest rates unchanged this month, a decision that had been widely anticipated. The Federal Funds Rate has been unchanged since July at a range of 5.25 percent to 5.5 percent.
For the last two consecutive central bank meetings, markets have priced in a pause, correctly predicting that the Fed would hold off on further increases. Key economic metrics suggested as much. The job market is showing some signs of a slowdown despite remaining relatively strong and the rate of inflation has slowed, inching closer to 2 percent.
While the Federal Funds Rate remains the highest it has been in 22 years, Federal Reserve Chair Jerome Powell indicated that further monetary tightening remains a possibility before the end of the year.
Source: Multifamily Reacts to Interest Rate Pause – Multi-Housing News
