After Federal Reserve Chairman Jerome Powell hinted at an impending interest rate cut, stock indexes hit record highs Thursday — and real estate is going along for the ride. At a congressional hearing this week, Powell said global uncertainty “strengthened the case for a somewhat more accommodative policy.” The Dow climbed after, closing at an all-time high of over 27,000 Thursday. The S&P 500 also set a record, closing at 2999.91. The Real Estate Select […]
source https://therealdeal.com/national/2019/07/12/stock-indexes-hit-records-as-market-anticipates-rate-cut-heres-what-that-means-for-real-estate/#new_tab
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