The Federal Reserve cut its benchmark interest rate by 25 basis points on Wednesday, marking the first time it has adjusted them downward in almost a year.
The financial markets and industry groups had been anticipating a rate cut of 25 bps, though some investors were hoping for something larger, according to Brent Maier, national real estate advisory leader with Chicago-based accounting and advisory firm Baker Tilly’s development advisory.
Source: Fed cuts rates, but apartment industry expects little impact | Multifamily Dive
