For the first time since December 2024, the Federal Open Market Committee (FOMC) voted at its September meeting to cut the fed funds rate, lowering it by 0.25% to a range of 4.00%-4.25%. One committee member wanted an even larger rate cut, recommending to lower the target range by .50%. The Fed also released the September Summary of Economic Projections (SEP), indicating two more cuts and projecting the fed funds rate will be 3.6% at the end of this year and gradually trend downward to 3.1% by the end of 2027. Year-end forecasts for unemployment (4.5%) and inflation (3%) were unchanged from the June projections, but real GDP growth was revised upward to 1.6%.

249 units across 9 walk-up buildings located in the Longwood section of the Bronx; Large footprint encompassing almost a whole city block, ideal for assemblage buyers and prime for seamless management

In this episode Shimon Shkury, Sean R. Kelly, Esq., and Stephen Vorvolakos, discuss the strong performance of the Brooklyn investment sales market in the first half of 2025.