 Wednesday September 16th’s Federal Open Market Committee (“FOMC”) telegraphing of their hyper accommodative future policy strategy(1) should prove a boon for multifamily real estate investors, not only keeping interest rates lower for longer, but shifting to prioritizing growth and employment over the Fed’s prior dual focus of growth and inflation management.(2) It is small wonder that the Fed has taken this marked change in stance on inflation, not only to allow for more rapid growth but also to diminish the long-term burden of managing the massively bourgeoning national debt required to fund pandemic rescue packages.(3)
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