REITs Excel, Earnings Swell, Fed Rebels

2026-05-03 09:00:00 ET

Real Estate Weekly Outlook

U.S. equity markets advanced for a fifth straight week - their longest weekly winning streak since 2024 - as investors cheered a strong slate of corporate earnings, resilient economic data, and hopes that a fragile Iranian ceasefire could evolve into a more durable peace. Markets continued to look through a renewed surge in oil prices and the inflationary pressure rippling through the economy, instead focusing on signs that corporate America remains well-positioned despite the increasingly complex macro backdrop. Meanwhile, investors digested a potentially historic transition at the Federal Reserve, as Jerome Powell presided over what is likely his final meeting as Chair but signaled plans to remain on the Fed Board, breaking with recent precedent and setting up a politically charged reshuffling process. The Fed held benchmark rates steady, but the decision drew an unusually fractured 8-4 vote, with three hawkish dissents objecting to the statement's easing bias and one dovish dissent favoring a cut....

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