Rally Gets Reality Check
American Tower(AMT) seekingalpha.com·2024-05-27 21:00
Matteo Colombo Real Estate Weekly Outlook U.S. equity markets snapped a four-week winning streak while benchmark interest rates rebounded as hopes for multiple Fed rate cuts this year were curtailed by the combination of hot U.K. inflation data, hawkish Fed commentary from several swing voters, and surprisingly solid PMI data. Mirroring trends across the pond, hotter-than-expected consumer inflation data in the United Kingdom dashed hopes that the Bank of England could potentially kick-start a wave of m ...