‘No Rest For The Weary’: What Higher Interest Rate Expectations Mean For CRE
Market Trends
The first half of this year was supposed to be when interest rates began coming down, providing a lifeline to struggling commercial real estate owners. But it now appears the Federal Reserve may not be coming to the rescue anytime soon.
Following Wednesday’s consumer price index report showing that inflation rose 3.5% year-over-year in March, the expert consensus around interest rate expectations has shifted, with economists pushing back their predictions for when rates will begin to fall and lowering the number of cuts they expect this year. Some even think another rate hike may be in store.
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