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Stepping into 2024, the Fed hinted at making three rate cuts this year, giving a glimmer of hope to those looking for the economic stimulus that lower rates might spark.
That now seems highly unlikely, with inflation remaining stubbornly higher than the 2% target.
The Fed has changed their tune to 'higher for longer,' while still teasing at least one rate cut this year.
It's uncertain how this will ultimately play out, but more patience is in order.
Sustained higher rates may potentially cool overheated prices, making it a more attractive time for buyers who have been sidelined.
More than likely, though, operators will need to...
Originally Posted on Invested Agents.
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