Article submitted by Matthew Shirley, CCIM, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate
Written by Jeff Cox | May 14, 2018
- Traders are now assigning a 51 percent chance of a fourth interest rate hike, in December, according to the CME.
- Fed officials currently are indicating three hikes total, but that could change in June as the unemployment rate continues to fall.
Markets are becoming more convinced that the Federal Reserve is about to get more aggressive on interest rates.
The probability that the central bank will raise its benchmark rate a fourth time this year went above 50 percent for the first time, according to the CME’s FedWatch tracking tool for the fed funds futures market.
Futures contracts are currently implying a funds rate of 2.21 percent from the current range of 1.5 percent to 1.75 percent. According to the CME, that translates into a 51 percent chance of a December rate hike, which would be the fourth of the year.
Matthew Shirley joined Saurage Rotenberg Commercial Real Estate in January 2011. Matthew is a graduate of Louisiana State University with a degree in International Trade and Finance. While at LSU, Matthew was a member of Omicron Delta Epsilon – The International Honor Society for Economics. Matthew’s professional memberships include the Greater Baton Rouge Association of REALTORS® Commercial Investment Division and the Louisiana Commercial Data Base (LACDB).
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
