Fed Hikes Interest Rates By 75 Basis Points Again

AS INFLATION IS SURGING….THIS IS The second consecutive time. Back-to-back increases are the biggest since the early 1980s.

FROM A REAL ESTATE PERSPECTIVE-WE SEE INCREDIBLE OPPORTUNITIES COMING.

Fed Raises Interest Rates by 0.75 Percentage Point
The central bank acknowledged indicators of spending and output had softened but said further rate rises are likely!

The U.S. economy contracted 1.6 percent in the first three months of the year. Two consecutive quarterly contractions is often considered a recession. The National Bureau of Economic Research, a private outfit founded in 1920 that is the semi-official arbiter of recessions, uses a more complex and subjective definition. It says a recession is “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.” Often the NBER’s declaration of a recession comes several months after the start of a downturn.

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