All eyes (and ears) remain focused on the Federal Reserve as interest rates remain the catalyst for good things and bad when it comes to investing, including in commercial real estate.

The next Fed meeting is Nov. 1. Marcus & Millichap's National Director of Research and Advisory Services, John Chang, shared the five things his firm is monitoring that could trip up the Fed's efforts to achieve a soft landing and avoid a recession during a recent news video.

The biggest question Chang has had all along is: Will the Fed go too far?

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