5 Consumer Discretionary Stocks to Gain as Inflation Cools, Rates Cut

The Wall Street rally is back, with the Dow and the S&P 500 hitting fresh highs last week. Positive economic data coupled with the Federal Reserve’s recently announced rate cut is giving a boost to consumer sentiment. On Friday, fresh economic data showed that inflation continued its decline in August.Also, personal income and consumer spending have been steadily increasing. The Federal Reserve’s rate cut is going to ease price pressures further and allow consumers to spend freely ahead of the holiday seaso ...