As expected, the Federal Open Markets Committee said in a statement that it has ended its asset purchasing program, known as quantitative easing, marking the end of a six year effort to both prop up and stimulate the economy that has, at least by some measures, been successful. Economic indicators have improved, such as the unemployment rate dropping below 6 percent for the first time since 2008, and the U.S. commercial real estate industry has staged a recovery.
“QE kept the economy, and commercial real estate, floating — deflation would have been a terrible death for the industry,&rdquo
