Existing-Home Sales Likely Slowed in August
swhy: In the context of the Federal Reserve's interest rate cut, interest rate-sensitive real estate and manufacturing sectors may benefit.
The Federal Reserve's September meeting statement believes that progress has been made in achieving the target inflation, while job growth has slowed down and inflation and employment risks are roughly balanced. The meeting lowered the policy interest rate by 50 basis points and continued with the planned balance sheet reduction.
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Shares of Housing-related Stocks Are Trading Higher After the Fed Cut Rates by 50 Bps, Which Could Affect Housing Demand.