More Interest Rate Cuts Ahead: 5 Growth Stocks to Benefit

Wall Street is currently riding on high expectations that the Fed will implement further cuts in the benchmark lending rate this year. In its September FOMC meeting, the central bank aggressively cut the interest rate by 50 basis-points. This was the first rate cut since March 2020. The current Fed fund rate is in the range of 4.75-5%. The previous range of 5.25-5.5% was the highest in 23 years. The Fed aggressively raised the interest rate from March 2022 to July 2023 and kept it higher for longer time in ...