03/22/2022
Hot topic for the 2022 CRE Market! "For every 100 basis point increase in the Fed funds rate in a year, there is roughly a 12 basis point decline in cap rates on average."
The first of several expected increases in interest rates announced Wednesday by the Federal Reserve is an important step in controlling inflation, which has persisted well above the central bank’s target of 2%, leading the consumer price index to hit its highest reading in 40 years.