Home Stocks Real estate stocks plunge as rate cut hopes go topsy-turvy (XLRE:NYSEARCA)

Real estate stocks plunge as rate cut hopes go topsy-turvy (XLRE:NYSEARCA)

by Deidre Salcido
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phakphum patjangkata

Real estate stocks tumbled despite strong quarterly results as the U.S. Federal Reserve rate cut odds went on a wild journey since Wednesday.

The Fed kept its benchmark policy rate at 4.25%-4.50%, as widely expected, on Wednesday. Chair Jerome Powell signaled that policymakers

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