After the Federal Reserve lowered interest rates for the first time since 2020 at its last meeting with a 50-point cut, its follow-up is looking likelier to be more muted.Economic activity has remained resilient despite ongoing fears over a possible recession, with 98.9% of Fed watchers predicting the Federal Open Market Committee will cut the benchmark interest rate by 25 basis points on Nov. 7, from the current 4.75%-5% range to 4.50%-4.75%, according to CME Group’s FedWatch tool.
That would follow the 50-basis-point cut the Fed enacted in September, which prompted a wave of optimism in the embattled commercial real estate sector. Some, including J.P. Morgan, predicted at the time that there would be another 50-point cut in November...
RSK: I have to agree with them but with this caveat....the election may change this.
Share this article on you social outlets
Our Sponsors
- - Volume: 24 - WEEK: 45 Date: 11/5/2024 10:46:49 AM -