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Fed Leaves Interest Rates Unchanged But Uncertainty Persists for CRE Market – Commercial Observer

The Federal Reserve left short-term interest rates intact Wednesday, but indicated more hikes could be on the horizon in late 2023. ....

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Fed Leaves Interest Rates Unchanged But Uncertainty Persists for CRE Market

The Federal Reserve left short-term interest rates intact Wednesday, but indicated another hike could be on the horizon in late 2023. For the second time in three meetings, the Fed opted for a pause in its 17-month period of increasing borrowing costs with the benchmark interest rate remaining unchanged at between 5.25 percent and 5.5 percent. The central bank indicated in its post-meeting economic projections summary that 12 of the 19 board members project an additional interest rate hike in one of its final two meetings of 2023. ....

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