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The Fed Hits Pause on Interest Rate Hikes

by | Sep 21, 2023 | Uncategorized

The Fed Paused its key interest rate at at its current range between 5.25% and 5.50%. Meanwhile a rate hike is expected on Fed next meeting on Oct 31- Nov 1.Officials cut forecasts for 2024 rate cuts, suggesting a “higher for longer” policy; benchmark rate above 5% by end of 2024.

Written By Tara Lubin

About Tara Lubin

Tara Lubin, a seasoned REALTOR and Broker Associate, is renowned for her exceptional service and deep knowledge of the Chicago real estate market. With a focus on luxury as a service level rather than a price point, Tara provides unparalleled guidance and support to her clients. Partner with Tara and experience the difference in your real estate endeavors.

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