Another Fed meeting, another interest rate increase.

Surprise, surprise.

It definitely wasn't a surprise for our readers, at least.

Survey Results

There's no table for this week's survey results.

Why not?

Simply put, the amount of respondents that got it right (e.g., projecting a 25-basis-point federal funds rate increase) was overwhelming, at about 92%.

Sure, we had a few suggesting the Fed may hit the brakes and not implement any increase, but the results were very clear.

What's Next for the Fed?

It's anyone's guess what the next FOMC meeting will bring. There's more than a month between now and then, and everything from consumer price index (CPI) reports to BLS employment reports to, yes, additional banking woes could have an impact.

If inflation begins to cool even more, the Fed could hold off — but maybe not for long. Some economists and analysts anticipate rates could peak around 6%, though smaller, more infrequent 25-basis-point increases seem likely rather than the large hikes we saw last year.

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Our Previous Survey

The previous week, I asked about the impact of bank failures on the multifamily industry. Basically: Would the failure of SVB and Signature Bank impact how you get a loan for your apartment building? Would it have other, less direct impacts? Check out the results here.