finance

The delinquency rate on commercial mortgage-backed securities (CMBS) for offices spiked to 8.1% in July, the highest in 11 years.

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I see. So many indicators pointed towards the imminent rate cut.
>the CME FedWatch tool showing a 51.5% likelihood of a 25 basis point cut in September and a 48.5% chance of a 50 basis point cut.