The Latest CRE News Roundup

Powell: Unlikely rate cut in March; lacks confidence for cuts based on current information.
January meeting: Fed keeps benchmark rate unchanged, hints at potential later rate cuts in the year.
Stocks drop as Powell's comments dampen hopes of early rate cuts; Dow loses 300 points.
Fed's policy statement signals reluctance to raise rates, but no immediate intention to cut.
Powell emphasizes caution to avoid repeating inflation expectation mistakes; no commitment to a series of rate cuts.

10-Year Treasuries: Currently at 4.10%, up 1 basis point since last Monday.
Range-Bound Yields: 10-year yields have been within the 4%+/- range for the past few weeks.
Economic Data Impact: Yields await materially weaker or stronger economic data to confirm interest rate trends.
5-Year Treasury Auction: Yields moved higher after a $61 billion 5-year Treasury note auction, closing at 4.17%+ on the day.
GDP Highlights: Q4 GDP growth at +3.3% annualized, beating the expected +2%, but lower than Q3's +4.9% growth.
Market Reaction: Despite strong GDP, the bond market focused on lower inflation, leading to a drop in 10-year Treasuries to 4.12% on the day.