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Fed Hints at Pause After Latest Quarter-Point Rate Hike

In a widely expected move, the Federal Reserve on Wednesday said it would increase the federal funds rate by 25 basis points to a range of 5% to 5.25%. The rate is now at its highest since August 2007. 

Wednesday’s statement from the Fed’s Federal Open Market Committee hinted that we could see a pause on future rate hikes. While the statement from the March FOMC meeting indicated that future increases might be appropriate, the latest statement said the committee would “closely monitor incoming information and assess the implications for monetary policy.”  

In determining “the extent to which additional policy firming may be appropriate to return inflation to 2% over time,” the FOMC will consider “the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments,” according to the statement. 

CNBC reported that the markets anticipate that “slower growth and the possibility of recession will force the Fed to cut rates later this year.” Currently, though, the labor market remains resilient, and although manufacturing activity has contracted for the past six months, the services sector is pointing toward expansion, reported CNBC. 


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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