The CREF Roundup is a periodic digest of noteworthy developments, insights, and commentary in the world of commercial real estate finance (CREF). Curated for industry professionals, this ongoing series seeks to highlight key trends and news shaping the market. For more CREF intel and analysis, visit our blog, The Carveout.
Federal Reserve Issues FOMC Statement
The Federal Reserve left rates unchanged this week. The Committee pointed to solid economic activity with stable unemployment but noted elevated inflation driven partly by higher global energy prices. It kept the federal funds rate at 3.5%–3.75% and will take a data-dependent approach to any future changes, while noting uncertainty from Middle East developments. While eight members supported holding rates with a potential easing bias, some dissented—one favored a rate cut and three others opposed the signal of future easing.