Real estate investment trusts (REITs), which are long preferred as an alternative investment option to hedge market risks, require upgrades to keep up with the Federal Reserve’s most aggressive rate-hike policy in decades.
While some have been debating a long overdue Fed pivot, the consensus is that the central bank will hike benchmark interest rates by another three-quarter of a percentage point in the next Federal Open Market Committee (FOMC) meeting scheduled for the first week of November.
