ANALYSIS-FED RATE CUTS COULD SET STAGE FOR BROADER US STOCK GAINS
https://media.zenfs.com/en/reuters-finance.com/50a038a027088f77a3e5efe479fdf449
✍️ The US Federal Reserve is expected to reduce its benchmark rate for the first time since December, which could boost Wall Street's rally and benefit certain stock groups.
👉 The Federal Reserve is expected to reduce its benchmark rate for the first time since December. 👉 The move is expected to kick off a series of reductions, with nearly six standard quarter-point cuts priced into markets by the end of next year. 👉 Historically, the start of an easing cycle has led to stock gains over the next year, on average. 👉 Lower interest rates could particularly lift a range of stocks tied to the cyclicality of the domestic economy, including banks, homebuilders, materials companies, and smaller firms.
-- #LewisKrauskopf #MattStucky #BobSavage #ScottWren #JeromePowell #BrianBelski #MichaelMullaney #NelsonYu #DougRamsey #business
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