Despite Fears Around Chinese Real Estate, U.S. Real Estate Is Attracting Attention

Despite Fears Around Chinese Real Estate, U.S. Real Estate Is Attracting Attention

Stocks appear set to open higher on Wednesday ahead of the Fed announcement. However, there's no expectation that interest rates will change. Instead, investors will likely be looking for any signals of a delay in tapering plans. Currently the feeling is that the risk of Evergrande becoming a "Lehman-type event" for China is unlikely and won't affect the Fed's plans. Evergrande assured investors on Wednesday that it would make an interest payment on time. Although the Wall Street Journal reported that the company is still expected to miss a separate payment due to international investors. Investors appear to have an expectation that the Chinese government will step in to stave off any negative ripple effects that the Evergrande situation could cause. The U. S. has its own government funding issues. The U. S. House of Representatives passed a bill to raise the debt ceiling that would fund the government until December 3. However, it's unclear if the bill will make it through the Senate. Republicans have their own plan to fund the government without raising the debt ceiling, but it's failing to make traction outside of the minority party. Democrats don't need Republicans to pass the bill because of their