UPDATE, NOV. 1, 2:08 P.M. ET: Following a two-day meeting, the Federal Reserve has left short-term interest rates unchanged. Officials signaled a move in December is likely. The U.S. Federal Reserve is expected to hold short-term interest rates steady Wednesday as markets await President Donald Trump’s pick for the next Fed chair, which he will announce Thursday. Many are predicting central bank governor Jerome Powell will receive the nomination. Investors overwhelmingly expect a December move, which would mark the third interest rate hike this year. Bisnow spoke with commercial real estate economists and researchers to discuss how future moves will impact property markets and how investors are factoring higher rates into their deals.