The ultimate goal of the Federal Reserve has been to reduce inflation without pushing the economy into a recession, achieving the oft-cited soft landing — a feat that a growing number of economists believe might happen.

At least one analyst, however, warns the CRE industry not to get too hopeful.

"So far, it looks like they are doing a pretty good job, but we're not at the finish line yet," said John Chang, National Director of Research and Advisory Services at Marcus & Millichap.

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