09/20/2024
POSITIVE NEWS FOR COMMERCIAL REAL ESTATE AND CONSUMERS: In a significant move, the Federal Reserve cut the federal funds rate by 50 basis points to 4.75%—the first cut since 2020. This reflects confidence in inflation nearing 2% and aims to prevent labor market issues. With inflation at 2.5% and unemployment at 4.2%, further rate cuts could boost investor demand for commercial real estate. If you have any questions about how this may impact you and your real estate contact Chris Steele and Nick Ferguson.