How to Play Interactive Brokers Stock Amid Fed's Interest Rates Cuts

The Federal Reserve is set to start cutting interest rates next week for the first time since March 2020. Historically, the S&P 500 Index has posted positive returns 86% of the time in the 12 months following the first rate cut of the cycle. Hence, the global electronic broker – Interactive Brokers (IBKR) – is solidly placed to perform well financially.In first-half 2024, IBKR garnered record commission fees as the equity markets scaled new highs on the back of clarity on several macroeconomic factors, driv ...