Bigger-than-expected interest rate cut welcome news to US hoteliers

By bhhsbowen September 18, 2024 CoStar News 0 comments

Federal Reserve Chairman Jerome Powell speaks during a news conference about the September meeting of the Federal Open Market Committee, which voted to cut the central bank's benchmark interest rate by 50 basis points. (Getty Images)
Though impact will take time, hotel deals volume expected to rise in 2025