When people talk of the Federal Reserve, they often forget it is not one monolithic entity. Instead, it is a collection of separate cooperating organizations and many people with differing opinions. Those differences can be enlightening and raise questions not only for the institution but the public, including CRE investors.
One example is San Francisco Fed President Mary Daly, who told the New York Times in a recent interview, "I'm very opposed to cutting off expansion out of fear."
As Goldman Sachs economists have estimated, the inflation may already have returned to 2%. They think the Personal Consumption Expenditures price index out of the Commerce Department will show that on its Halloween release — to be exact, a 2.04% year-over-year inflation rate.
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