4.2% Inflation Dashes Rate Cut Hopes as Warsh Projects Quarter‑Point Hike
Amid 4.2% inflation and soaring energy costs, Federal Reserve Chair Kevin Warsh held interest rates steady in his first meeting but signaled a quarter‑point hike this year. For the real estate and proptech sectors, this shift toward tighter monetary policy could raise borrowing costs, cool housing demand, and pressure cap rates, especially if the tentative US‑Iran ceasefire fails to stabilize fuel markets.