The big news to come out of last week’s Federal Open Market Committee meeting was the group’s choice to forgo another rate hike.
Previously, the central bank had increased interest rates at every meeting since March 2022 (with 10 rate hikes in total). The June decision marks the Fed’s first rate pause in over a year.
Fed. Chair Jerome Powell revealed as much in his post-meeting briefing with reporters. He also delved into key real estate topics—including the impacts of a potential commercial real estate crash and a housing market “bottom.”
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