Fed Rate Increase: Little Impact, for Now

Last Updated: December 17, 2015 05:15am ET By Paul Bubny | National WASHINGTON, DC—As it was widely expected to do, theFederal Reserve on Wednesday took the first step toward normalizing interest rates, raising the federal funds rate by 0.25% in the first of a series of gradual increases. Also as expected, the commercial real estate sector appears to be taking the Fed’s move in stride. “Based on a strengthening and stabilizing economy, I believe this was a logical move by the Fed,” says Jeffrey Rinkov, CEO of Lee & Associates. “While the Fed is driven by data, I think this signifies its belief that the economy can operate in an environment with a normalizing monitory policy. Relevant to rea

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