realestate

Real estate stocks surge on rate cut optimism

Real estate stocks rise as interest rate cut odds increase following Powell's Jackson Hole speech.

R
eal estate stocks saw a positive week as interest rates became the focal point. Following Federal Reserve Chair Jerome Powell's speech at Jackson Hole, the likelihood of a September rate cut increased. In his remarks, Powell noted that the economy is performing well, but still faces some challenges, leaving room for potential monetary policy adjustments.

Real estate stocks rise on Wall Street amidst interest rate cut speculation.