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Federal Reserve Cuts Rates for Third Straight Time

Federal Reserve Cuts Rates for Third Straight Time

by Phil Hall | Dec 18, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Federal Reserve announced its third consecutive rate cut, with a 25-basis-point slice that brings the federal funds rate down to the range of 4.25% to 4.5%. The decision by the central bank’s policy making Federal Open Market Committee had one dissenter –...
Goldman Sachs Executive Beth M. Hammack to Lead Cleveland Fed

Goldman Sachs Executive Beth M. Hammack to Lead Cleveland Fed

by Phil Hall | May 30, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Federal Reserve Bank of Cleveland announced the appointment of Beth M. Hammack as its next president and CEO, effective Aug. 21. Hammack will succeed Loretta J. Mester, whose tenure ends on June 30, as per Federal Reserve mandatory age and length-of-service...

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