The stock market hasn't been very forgiving to dividend-paying real estate investment trusts (REITs) this year. Interest rate pressures and general economic uncertainty have pushed many REIT stocks down 20% or more. Simon Property Group (NYSE: SPG) and Extra Space Storage (NYSE: EXR) have dividends yields that dwarf the S&P 500 average.
New York Federal Reserve President John Williams said on Thursday the strong state of the U.S. economy means there's no pressing case to lower interest rates right now. "I definitely don't feel urgency to cut interest rates" given the current strength of the economy, Williams said at the Semafor's World Economy Summit in Washington. "We have a strong economy, we want a strong economy, that's all very good news," Williams said.
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Expectations for a June interest rate cut by the Federal Reserve are beginning to fade, as markets now anticipate the central bank may delay rate reductions until later in the year amid persistently hot inflation data. On person who is sticking with June is Citi Global Economist Rob Sockin. Sockin acknowledges that the timing of a potential Fed rate cut is a "close-call," noting that the recent inflation data "has come in a lot stronger than expected." He explains that with economic activity continuing to show robust momentum, markets have pushed out their expectations for when the central bank may begin an easing cycle. However, Sockin still believes there will be "enough evidence" that inflation is moderating for the Fed to start cutting rates in June. However, he points out that sectors like services inflation remain "very sticky" globally, forcing central banks worldwide to adopt a more cautious stance as they "worry that the services side of the inflation might be longer lived than they had originally thought." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
* 'Amazonia' bonds in 2024 seen a tough sell for some * US is reimposing oil sanctions on Venezuela, officials say * Mexican economy up 2.1% y/y in March - preliminary estimate * Latam FX off 0.2%, stocks up 0.6% By Bansari Mayur Kamdar April 18 (Reuters) - A firm dollar pressured most Latin American currencies on Thursday, although strong copper prices helped Chile's peso to buck regional weakness. The MSCI index for Latam currencies slipped 0.2%, while the stocks index rose 0.6% by 1422 GMT. The U.S. dollar index rebounded from weakness earlier in the day as investors weighed U.S. economic data pointing to labor market strength and Federal Reserve officials' comments that the decline in inflation may have stalled.
In a Recently Released Report, Fairfield Market Research Suggests a Healthy Growth Outlook for the Global Industry of Cannabis Concentrate. Several Companies are Now Announcing Investments in R&D to Lead Innovative Products, and Newer Methods of Cannabis Concentrate Consumption.London, April 18, 2024 (GLOBE NEWSWIRE) -- Global cannabis concentrate market is poised for significant expansion, with revenue expected to rise from US$1.6 Bn in 2022 to an impressive US$2.4 Bn by 2030. This forecast rep
HOUSTON, April 18, 2024--Black Bear announced its subsidiary, Ozark Transmission, enhanced gas supply reliability by placing its Supply Access Project in-service on April 8.
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LIMA, Peru, April 18, 2024 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera” or, the “Company”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB:MRLLF) is providing this default status report in accordance with National Policy 12-203 — Management Cease Trade Orders (“NP 12-203”) and the terms of a Management Cease Trade Order (“MCTO”) entered by the British Columbia Securities Commission (the “BCSC”) on April 3, 2024. The MCTO was entered against the Company’s Chief Executive Officer and its Interim Chief
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New York Federal Reserve President John Williams said on Thursday the strong state of the U.S. economy means there's no pressing case to lower interest rates right now. "I definitely don't feel urgency to cut interest rates" given the current strength of the economy, Williams said at the Semafor's World Economy Summit in Washington. "We have a strong economy, we want a strong economy, that's all very good news," Williams said.
Dublin, April 18, 2024 (GLOBE NEWSWIRE) -- The "Chloroprene Rubber - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.Global Chloroprene Rubber Market to Reach 385.8 Thousand Metric Tons by 2030The global market for Chloroprene Rubber estimated at 284.1 Thousand Metric Tons in the year 2023, is projected to reach 385.8 Thousand Metric Tons by 2030, growing at a CAGR of 3.9% over the analysis period 2023-2030. Chloroprene rubber, also known as Neoprene,
Poised to Undergo Substantial Growth, the Global Etching Chemicals Market is estimated to value significantly with Increasing Adoption of Advanced Packaging Technologies and Growing Demand for High-Performance MaterialsLondon, April 18, 2024 (GLOBE NEWSWIRE) -- Global etching chemicals market stood at US$1.6 Bn in 2022 and expected to reach US$2.5 Bn by 2030. The market revenue is likely to expand at a CAGR of 6.3%. Etching chemicals are used in various industries for the process of etching, whi
HONKARAKENNE OYJ Stock Exchange Release 18 April 2024 at 17:45 CONSTITUENT MEETING OF HONKARAKENNE’S BOARD OF DIRECTORS AND COMMITTEES Honkarakenne Oyj’s Annual General Meeting held on Thursday 18 April 2024 in Honkarakenne’s Tuusula office at Lahdentie 870, Tuusula, Finland. The Annual General Meeting elected the following persons to the Board of Directors: Arto Halonen, Timo Kohtamäki, Maria Ristola, Kari Saarelainen and Antti Tiitola. The Board of Directors convened for its constituent meetin
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Drivers are facing major congestion on the M23 northbound after a multi-vehicle crash near Gatwick Airport. National Highways has warned of huge delays after a lorry, minibus and several cars reportedly collided at around 11.45am. It comes as commuters travelling to London Waterloo face major disruption after a gas leak shut all lines near Salisbury.
Ireland’s longest running inquest delivers conclusion on country’s worst fire disaster
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