Interest Rate Hike Racks 4 Big Homebuilder ETFs
June 13, 2018 at 14:54 PM EDT
The decision on Wednesday by the Federal Reserve to raise interest rates 25 basis points, effectively raising the federal funds rate from 1.75% to 2%, did not bode well for homebuilder ETFs after the news. Within 30 minutes following the announcement, iShares US Home Construction ETF (BATS: ITB)...