The minutes from the November meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve are out. Something that comes across is growing uncertainty, which could have implications for CRE.
Developments in financial markets were largely a set of surprises. Nominal Treasury instruments’ yields (without taking out inflation) “ included stronger-than-expected data releases and monetary policy communications” that the Fed took as indicating the need for a “more gradual pace of policy easing than previously thought.”
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