2025 Might Be Great for Banks: 3 Stocks to Invest in Now
The Bank of New York Mellon(BK) ZACKS·2024-12-27 16:36
This year started on a strong note for the U.S. economy, driven by optimism over potential faster interest cuts by the Federal Reserve, a strong labor market, rising consumer spending, and technological developments. Nonetheless, the optimism related to interest rate cuts gradually faded as inflation continued to be persistent and did not come down as expected. This led to uncertainty regarding the pace of rate cuts. Though the Fed has reduced interest rates by 100 basis points since September, it has hinte ...