According to the global chief economist for CBRE, high interest rates will make 2023 a challenging year for commercial real estate. Still, he doesn’t predict a deep recession leaving an optimistic CRE outlook for the year ahead.
The Fed has boosted the cost of short-term borrowing aggressively this year in its battle to curb inflation. But according to New York Federal Reserve President John Williams, a rate cut is possible in 2024 as inflation pressures likely ease. CLICK ON THE HEADLINE FOR MORE
The New York Times asked readers to send questions about inflation. Economists at the Federal Reserve, the White House and Wall Street all weighed in. FOR WHAT THEY HAD TO SAY, CLICK ON THE HEADLINE