Chief Economist Heidi LearnerWASHINGTON, DC–To no one's surprise, the Federal Reserve has opted to increase interest rates for the third time this year, by a quarter-point to a target range of 2% to 2.25%.
The market might as well yawned. There was little change to Treasury yields, Heidi Learner, chief economist at Savills Studley, noted with the 2-year yields remaining around 2.83% and 10-year yields holding between 3.06% and 3.08%.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
