Prediction: These 2 Stocks Will Soar If Interest Rates Are Cut This Month
Home Depot(HD) The Motley Fool·2024-09-12 09:15
Interest-rate-sensitive stocks are getting ready for new tailwinds.All eyes are on the Federal Reserve this month as it gets ready to lower interest rates. Chairman Jerome Powell has alluded to being ready to make the cut when the Fed meets on Sept. 17, and a reduction of any level is likely to positively affect the stock market.It should lead to improvements in spending, which will lift revenue at retailers and other companies across the country. That's good for business overall, but it's crucial for some ...