The Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points for the third straight month as it tries to bring scorching-hot inflation under control, a move that threatens to slow U.S. economic growth and exacerbate financial pain for millions of households and businesses.
As expected, the Federal Reserve has increased its federal-funds rate by three-quarters of a percent Wednesday. The increase has many in the multifamily industry discussing the likely impact on apartment development and investment. Given the multifamily sector’s […]
Federal Reserve policymakers saw eye to eye that policy should remain restrictive for some time but were divided on whether inflation was high enough to bring the target federal funds rate down to the 2% […]
Forty-six percent of bank executives predict overall economic conditions will worsen over the next 12 months Bankers are not feeling good about the next year. According to a survey released Wednesday by IntraFi Network, 46% of bank […]
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