{"id":1004667862,"date":"2023-06-14T11:25:44","date_gmt":"2023-06-14T19:25:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004667862"},"modified":"2023-06-20T09:38:14","modified_gmt":"2023-06-20T17:38:14","slug":"fed-pauses-on-raising-interest-rates-for-now","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fed-pauses-on-raising-interest-rates-for-now\/","title":{"rendered":"Fed Pauses on Raising Interest Rates, For Now"},"content":{"rendered":"
\"\"<\/a>

Image by Kai Pilger via Unsplash.com<\/em><\/p><\/div>\n

At its latest meeting, the Federal Open Markets Committee<\/strong> has decided to pause on raising interest rates, following a 15-month period of 10 consecutive<\/a> increases. The current federal funds rate remains at 5 to 5.25 percent, the highest in 16 years.<\/p>\n

Informed by a significantly moderated inflation rate of 4.9 percent, as well as 40-basis-point increases across the CPI and a 1.2 percent quarterly increase in labor cost metrics, the Fed has stuck to its data-driven decision making.<\/p>\n

The Fed\u2019s choice to pause is motivated by both the data, and its longstanding quest to reduce inflation to 2 percent. At a press conference following Wednesday\u2019s FOMC meeting, Chairman Jerome Powell detailed the motivations for the decision further, saying, \u201cConsidering how far and how fast we\u2019ve moved, we judged it prudent to hold the target range steady to allow the committee to assess additional information and its implications for monetary policy.\u201d<\/p>\n

\n

READ ALSO: <\/strong>CRE Expects a Rate Hike Pause. Here\u2019s What It Means<\/span><\/a><\/p>\n

\n
\"\"<\/a>

Federal Reserve Chairman Jerome Powell speaks at the June 14 press briefing. Screenshot of Federal Reserve livestream by Gabriel Frank<\/em><\/p><\/div>\n

A pause in increasing the funds rate was widely predicted<\/a> by the commercial real estate industry, due to both the encouraging data and the need for the Fed to assess the compounding economic effects of previous rate hikes, and to analyze the current inflation rate\u2019s effects. Michelle Raneri, vice president & head of U.S. research and consulting at TransUnion<\/strong> interpreted this as the case. \u201cThis skip is a likely indicator that the Fed wants to give the previous hikes time to have an observable impact, specifically on inflation,\u201d Raneri said in a statement.<\/p>\n

At the same time, Powell once again signaled a willingness to alter course. “Nearly all committee participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year,” he said, describing the July meeting as “live.” Consequently, many in the industry predict another 25-basis-point increase that month, once the Fed views projected economic data trends.<\/p>\n","protected":false},"excerpt":{"rendered":"

More increases could be ahead later this year, according to the central bank.<\/p>\n","protected":false},"author":3012,"featured_media":1004667864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,23891,21742],"tags":[32764,35492,51934],"class_list":["post-1004667862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-national","category-latest","tag-federal-open-market-committee","tag-federal-reserve","tag-transunion"],"acf":[],"yoast_head":"\nFed Pauses on Raising Interest Rates, For Now - CPE<\/title>\n<meta name=\"description\" content=\"At the Federal Reserve's Open Markets Committee meeting, the board elected to pause on raising rates, following 10 consecutive increases.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fed-pauses-on-raising-interest-rates-for-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed Pauses on Raising Interest Rates, For Now\" \/>\n<meta property=\"og:description\" content=\"At the Federal Reserve's Open Markets Committee meeting, the board elected to pause on raising rates, following 10 consecutive increases.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fed-pauses-on-raising-interest-rates-for-now\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-14T19:25:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-20T17:38:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/614FOMC-e1686768956630.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1333\" \/>\n\t<meta property=\"og:image:height\" content=\"998\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fed-pauses-on-raising-interest-rates-for-now\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/fed-pauses-on-raising-interest-rates-for-now\/\",\"name\":\"Fed Pauses on Raising Interest Rates, For Now - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fed-pauses-on-raising-interest-rates-for-now\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fed-pauses-on-raising-interest-rates-for-now\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/614FOMC-e1686768956630.jpg\",\"datePublished\":\"2023-06-14T19:25:44+00:00\",\"dateModified\":\"2023-06-20T17:38:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c\"},\"description\":\"At the Federal Reserve's Open Markets Committee meeting, the board elected to pause on raising rates, following 10 consecutive increases.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fed-pauses-on-raising-interest-rates-for-now\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/fed-pauses-on-raising-interest-rates-for-now\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fed-pauses-on-raising-interest-rates-for-now\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/614FOMC-e1686768956630.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/614FOMC-e1686768956630.jpg\",\"width\":1333,\"height\":998,\"caption\":\"Federal Reserve Chairman Jerome Powell speaks at the June 14 press briefing. 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