The Federal Reserve ended its three-meeting streak of rate cuts Wednesday as the commercial real estate industry prepares for a stabilization of long-term borrowing costs in 2026. In a 10-2 vote, the Fed maintained its benchmark interest rate at between 3.5 percent and 3.75 percent Wednesday while indicating a steadying of rates early this year. Powell, whose second term as Fed chair ends in May, did not comment on questions asked about the DOJ inquiry or his future with the central bank. “If people are going to do a debt deal at X basis points, and if it is so thin that 25 basis points is driving the deal, you’re not doing the deal,” Neveloff said. “We are pretty happy if we can borrow at a 5 percent or 5.5 percent interest rate, as I have been doing this for 20 years and that works.