When Fed Cuts Rates: Who Wins? Buy Them Now
@JC888:
US stock indexes closed higher on Tue, 07 May 2024. Their 5th session of advances, as investors continued to gain hope that there was a greater chance of the Fed cutting interest rates this year. Expectations for rate cuts by US central bank have been tempered as the year has progressed, as inflation has proven stickier. Some investors had even begun to worry they might not materialize at all, sending markets lower in April 2024. Thankfully, Friday’s data showed US job growth for April 2024, slowed more than expected. (see above) More importantly, it is lower than the 3-months moving average of 242,000. This took the pressure off the Fed to keep rates higher for longer. Coupled with current earnings season, with surprising upside, they have given investors renewed positive moment in recen