How FEDs Actions Impact CRE
What To Expect Following The Release of New Labor Data
Near Term Hurdles
The Fed’s commitment to slowing inflation is beginning to weigh on the economy
The Fed is expected to raise the overnight rate by another 75-basis points at the November 2nd Fed meeting
Effect on the Economy
Unemployment remains low at 3.7%, but reduced job openings suggests labor market loosening
Other indicators like the ISM manufacturing index are still in positive territory, but are beginning to weaken
Impact on CRE
Rising uncertainty may weigh on investor sentiment
Investors must consider longer-term horizons when crafting there CRE strategies moving forward
*Through August
Sources: Marcus & Millichap Research Services, BLS