$fuboTV Inc.(FUBO)$It’s important to note that the hopes for an interest rate cut stem from the growing chance the U.S. economy enters a recession. The Fed could try to soften the blow of a recession by shifting back to dovish fiscal policy after making a hard shift to hawkish earlier this year.
Lower rates could be good news for growth stocks. Not names like FUBO stock. Its future growth hinges heavily on how the economy overall is doing. In a recessionary period, the company will likely face more difficulty attracting new users to its platform, even if it keeps spending heavily on marketing and content.
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