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Argosy Real Estate Partners

North America

U.S. Interest Rate Increase Pushes Lodging Stocks Lower

The U.S. Federal Reserve Board raised interest rates by a quarter of a point and the financial markets rallied. Then Fed Chief Jerome Powell held his press conference and the DJIA ended the day down 530 points, Nasdaq was down 190, the S&P 500 fell 66 points but the 10-year treasury yield was down .11 to 3.50%. We can’t tell if the markets genuinely hate […]

March 22nd, 2023

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