realestate

Real estate stocks plummet on shifting rate cut expectations

Real estate stocks fall despite strong quarterly results amid volatile Fed rate cut speculation.

F
inancials on the move as rate cut odds swing wildly. Despite strong quarterly results, real estate stocks plummeted in response to the U.S. Federal Reserve's decision to keep its benchmark policy rate at 4.25%-4.50%. The Fed's chairman, Jerome Powell, hinted that policymakers may not be done cutting rates yet, sending mixed signals and causing investors to reassess their bets on future interest rate changes.

Financial charts showing plummeting real estate stocks amidst rate cut speculation globally.