5 stories on federal reserve in commercial real estate.
Kevin Warsh held rates steady at his first FOMC meeting but removed the Fed's rate-cut bias, with members split on whether a hike is ahead — complicating CRE capital markets.
Home mortgage denial rates climbed to 15.1% in 2024, up from 12.2% in 2021, as the St. Louis Fed links surging rates to tighter lending standards.
Kevin Warsh's potential rise to Fed chair could shift monetary policy in ways that ripple through commercial real estate financing, lending standards, and cap rates.
Sen. Elizabeth Warren criticized Kevin Warsh's Fed chair nomination, citing his 2008 crisis record, as a Powell investigation added uncertainty to the leadership transition.
The Federal Reserve paused its rate-cutting cycle amid conflict-driven economic uncertainty, extending the period of elevated borrowing costs for commercial real estate.