{"id":1004785310,"date":"2026-01-27T04:15:57","date_gmt":"2026-01-27T12:15:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004785310"},"modified":"2026-01-28T20:59:13","modified_gmt":"2026-01-29T04:59:13","slug":"what-cre-is-watching-for-at-the-fed-meeting-tomorrow","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/what-cre-is-watching-for-at-the-fed-meeting-tomorrow\/","title":{"rendered":"Tomorrow\u2019s Fed Meeting: What Experts Are Watching For"},"content":{"rendered":"\n

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\"Headshot<\/a>
Karine Aslanian said the CRE sector will welcome stability right now. Image courtesy of The Agency<\/em><\/figcaption><\/figure><\/div>\n\n\n

While the commercial real estate industry enjoyed three interest rate cuts in a row in the back half of 2025, it seems likely that the Federal Open Market Committee will press the brake and hold steady on any further cuts tomorrow. CME Group\u2019s FedWatch tool currently places a 97.2 percent chance that the FOMC will leave rates the same.<\/p>\n\n\n\n

While it might be tempting to wish for a rate cut, several industry executives who spoke to Commercial Property Executive <\/em>said that holding rates steady might actually be what\u2019s best for commercial real estate right now because of the stability that it offers.<\/p>\n\n\n\n

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READ ALSO: <\/strong>Financing Demand Expectations Hit Record High<\/a><\/p>\n\n\n\n

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\u201cStability gives buyers, sellers and lenders more confidence to move forward instead of staying on the sidelines,\u201d said Karine Aslanian, a broker associate and commercial advisor at The Agency, a Los Angeles-based brokerage firm.<\/p>\n\n\n

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\"Headshot
Allan Swaringen noted that cutting rates right now could signal labor market concerns. Image courtesy of LaSalle Investment Management<\/em><\/figcaption><\/figure><\/div>\n\n\n

Additionally, another rate cut right now could signal that the Fed is concerned about the labor market, which would also not be good for real estate, according to Allan Swaringen, managing director at LaSalle Investment Management and president & CEO of JLL Income Property Trust.<\/p>\n\n\n\n

\u201cThat greater concern about employment probably pulls through into a concern about the broader economy,\u201d Swaringen told CPE<\/em>, \u201cand the one thing worse than uncertainty around interest rates as it relates to real estate is uncertainty about the direction of the economy.\u201d<\/p>\n\n\n\n

Swaringen noted that two employment reports and two inflation reports will be released before the FOMC\u2019s next meeting in March, which will provide the committee with a more informed view of the economy than they would have right now.<\/p>\n\n\n\n

Watching for independence<\/h2>\n\n\n
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\"Headshot<\/a>
Dwight Dunton said that holding rates steady can help the Fed demonstrate its independence. Image courtesy of Bonaventure<\/em><\/figcaption><\/figure><\/div>\n\n\n

President Donald Trump has not made it a secret that he wishes the FOMC would more aggressively cut rates. Trump has attempted to remove Lisa Cook from the Federal Reserve Board of Governors, and the Department of Justice has initiated a criminal investigation into Jerome Powell, whose term as chair ends in May.<\/p>\n\n\n\n

\u201cThere is a strong incentive for the Fed to reinforce its independence, particularly in a politically charged year,\u201d said Dwight Dunton, CEO of Bonaventure. \u201cAbsent a clear deterioration in economic conditions, staying on hold allows them to maintain credibility while preserving optionality for later in the year.\u201d<\/p>\n\n\n\n

The implications for CRE<\/h2>\n\n\n\n

A short-term pause in rate cuts is unlikely to meaningfully impact most commercial property market trends<\/a>, according to Altus Group Senior Director of Research Omar Eltorai, especially given the expectation for further cuts later in the year and the current status of the Treasury yields.<\/p>\n\n\n

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\"Headshot<\/a>
Omar Eltorai argued that the Treasury market is the one to watch now. Image courtesy of Altus Group<\/em><\/figcaption><\/figure><\/div>\n\n\n

\u201cWhile rate cuts would certainly be welcomed by, and benefit, the commercial real estate market,\u201d Eltorai noted, \u201cthe more important portion of rates to watch now is the Treasury market, where there have been meaningful moves even in the absence of Fed Funds (and) policy rate changes.\u201d<\/p>\n\n\n\n

This sentiment was echoed by Swaringen, who said that while global volatility could contribute to upward pressure on the 10-year Treasury, stability for that figure will be the most important factor for commercial real estate.<\/p>\n\n\n\n

\u201cInvestors often borrow against the short end of the curve with some spread, but valuations of real estate are based upon the long end of the curve,\u201d Swaringen said. \u201cAnd those have been stable, and we think it’s very important that the long bond is predictable and stable, and (the) noise about what’s going on in the world hopefully settles down.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Open Market Committee\u2019s rate decision comes at a politically tense moment for the organization.<\/p>\n","protected":false},"author":3810,"featured_media":1004785308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21783,23891,21742,52682,51037],"tags":[41993,51946,32764,45095,33722,35565],"class_list":["post-1004785310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-investment","category-national","category-latest","category-policy","category-trends","tag-altus-group","tag-bonaventure","tag-federal-open-market-committee","tag-jll-income-property-trust","tag-lasalle-investment-management","tag-the-agency"],"acf":[],"yoast_head":"\nTomorrow\u2019s Fed Meeting: What Experts Are Watching For - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"While the industry enjoyed three interest rate cuts in a row in 2025, it seems likely that the FOMC will press the brake tomorrow.\" \/>\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\/what-cre-is-watching-for-at-the-fed-meeting-tomorrow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tomorrow\u2019s Fed Meeting: What Experts Are Watching For\" \/>\n<meta property=\"og:description\" content=\"While the industry enjoyed three interest rate cuts in a row in 2025, it seems likely that the FOMC will press the brake tomorrow.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/what-cre-is-watching-for-at-the-fed-meeting-tomorrow\/\" \/>\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=\"2026-01-27T12:15:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-29T04:59:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Jan_28_Fed_Preview_Featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew Kaufman\" \/>\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\/what-cre-is-watching-for-at-the-fed-meeting-tomorrow\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/what-cre-is-watching-for-at-the-fed-meeting-tomorrow\/\",\"name\":\"Tomorrow\u2019s Fed Meeting: What Experts Are Watching For - 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