$Keppel Reit(K71U.SG)
Context: Keppel REIT closed flat at S$0.85, but the rate backdrop is becoming more supportive. Softer-than-expected core PCE has reduced expectations of a near-term Fed hike, although stronger jobs data still gives some pause.
My trade: Holding for now and watching whether improving rate expectations can provide a catalyst for the REIT.
Takeaway: A less hawkish Fed would remove some pressure from rate-sensitive REITs and could help unlock a breakout.
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