FED CUT INTEREST RATE BY 25 BASIS POINTS.. REITS ROCKET !!
The Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25 basis points, to a target range of 4.50%-4.75%.
The vote was unanimous. Fed officials have justified the easing mode for policy as they view supporting employment becoming at least as much of a priority as arresting inflation.
$ASCOTT RESIDENCE TRUST(A68U.SI)$
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