INSIGHTS: BTFP CRE Commercial Bubble what does it all mean?
Insights
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Posted 09/02/2024
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Going into last Fridays Fed commentary there was an expectation of 6 rate cuts this year, starting in March in the U.S. As Powell poured cold water on this stating in his 60 minutes (yes you heard that correct the Federal Chairman of the US Federal Reserve who is meant to be impartial and not signal the market did a PR interview on 60 minutes in the US) indicating that rates will likely be on hold until at least May to ensure inflation doesn’t take off. This saw regional banks stock collapse – but we thought the banking system was sound?
Read the full news post here.