Rate Hike May 7 23

0.25% Rate Hike: Will This One Be the Last?

The Federal Reserve increased the Federal Funds rate by 25 BPS, breaking the 5% barrier in a rate hike that was largely anticipated by the markets, but with comments by Fed Chair Powell indicating a pause in interest rate increases, the next meeting of the Federal Reserve could be a significant indicator of the Fed’s path going forward. As the FOMC anticipates economic decline, the multifamily market continues to see positive rent growth in the Northeast and Midwest, but growth has been slower in many previously-strong markets in the Sunbelt and West.

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