5 High ROE Stocks to Buy as Low Inflation Fuels Rate Cut Hopes

The broader U.S. equity markets witnessed a steady uptrend over the past few trading days, buoyed by optimism related to rate cuts driven by easing inflationary pressures. The June consumer price index declined for the first time in more than four years by 0.1% from May, putting the 12-month rate at 3% – the lowest level in more than three years. As investors employ a wait-and-see approach in a classic example of "backing and filling" in the market, they can benefit from "cash cow" stocks that garner higher ...