With economic conditions still strong, many investors, including in CRE, are looking forward to falling interest rates and more favorable conditions in 2024. After all, the Federal Reserve has indicated a good chance of three quarter-point drops by year's end.
But markets have taken a bit of good news and stretched it out beyond what might be realistic. That could be bad news in the end.
Christopher Walker, a Fed governor, noted in a speech this week before the Brookings Institution, that economic news has been good.
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