The submarket reports are an in-depth look at the specific Investment Sales markets in Brooklyn, Bronx, Manhattan, Northern Manhattan and Queens.
We seek to provide our readers with an overview of the market activity, benchmark transactions, and pricing trends that impact each individual real estate market.
Federal Reserve Leaves Interest Rates Unchanged:Capital Markets Monthly
SEP
21
At its September meeting, the Federal Reserve voted unanimously to leave interest rates unchanged, maintaining the target range for the federal funds rate at between 5.25% and 5.50%. However, if necessary, policymakers are prepared to raise rates one more time in the two remaining meetings this year to help achieve the Fed’s goal of lowering the inflation rate to 2%. While inflation has moderated somewhat since the middle of last year, the Consumer Price Index for August showed that inflation rose by 3.7% over the previous 12 months.