Federal Reserve officials held interest rates near zero but signaled they expect two increases by the end of 2023, pulling forward the date of liftoff as the economy recovers, Bloomberg reported today [subscription required]. The Millionacres takeaway: The central bank kept its target range for its benchmark policy rate at the same spot where it's been since March 2020. Real estate investments of every type can be sharply affected by inflation, and hiking interest rates is often seen as the antidote, so how long this lasts remains to be seen.
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