The Fed just cut rates, here’s what that means for Denver.

In an 11–1 vote, the Federal Reserve lowered its benchmark lending rate by 25 basis points, setting the target range at 4.00%–4.25%. Newly appointed Governor Stephen Miran dissented, pushing for a deeper 50 bps cut.

The Fed’s own projections show two more rate cuts coming before year-end, a signal that policymakers are prioritizing a cooling labor market over still-elevated inflation. Unemployment has climbed to 4.3%, the highest since 2021, while job gains continue to slow.

For real estate, lower borrowing costs could gradually ease pressure, but with high inventory and price cuts across Denver listings, the dynamic remains buyer-friendly. Development financing is still expensive, but today’s move hints at a runway for more easing in the months ahead.