Kaplan in the news

Multi-Housing Network
May 2, 2023
By: Jordana Rothberg

UPDATED: Fed Rolls Out Rate Hike No. 10

After this widely expected increase, the industry awaits next steps.

In alignment with the majority of expert predictions, the Federal Reserve raised interest rates by 25 basis points on Wednesday afternoon.

The 0.25 percentage point increase is the tenth in a series of rate hikes by the central bank aimed at curbing inflation. Though key metrics show inflation slowing, it persists above the Fed’s goal.

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