Today's CPI report & interest rates
Volatile interest rates today due to the consumer inflation index report. The Federal Reserve's target has been 2% inflation and it is currently at 3.5% for the year.
As many of you many already know, the Fed was originally projected to make six rate cuts for the year, however with this current data, the Fed will likely continue to be stagnant with making any cuts, if any at all.
For my real estate investor friends, we have always underwritten our deals based on the deal cash flowing under current market conditions and not speculating on needing to refinance when rates are lower. As time goes on, I believe this principal becomes even more essential.
