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.