4 Top REITs In Focus Amid Fed's Next Rate-Cut Speculations
Zacks Investment Research | Sep 16, 2019 09:22PM ET
The Federal Reserve is once again anticipated to lower its benchmark overnight lending rate by a quarter point at the FOMC meeting that begins today. In recent times, the Fed Chair Jerome Powell has widely discussed the central bank’s commitment to sustain the U.S. economic expansion, signaling another rate cut but waving off any impending recession fears.
The U.S. job market and consumer spending have been holding up well. However, trade tensions between Washington and Beijing, anticipated Brexit-related uncertainties, together with a broader global slowdown, have been bothering the U.S. economy.
Now, the recent-appeasing messages between the United States and China suggest some relief from trade tensions. Nonetheless, the Fed has been under mounting pressure to pull the trigger on economic stimuli after the ECB announced its latest decision to ease monetary policies. Remarkably, President Trump too has left no stone unturned in demanding lower rates.
However, latest projections indicate that the circumstance for continued cuts has been losing ground. Per the CME FedWatch Original post
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