Another Fed Rate Cut Bolsters Argument For ProShares Nasdaq-100 High Income ETF

Last week, the Federal Reserve made headlines when it reduced its benchmark interest rate by 25 basis points to a target range of 3.75%-4.00%. While the move was anticipated by analysts, the central bank also announced a halt to the runoff of its security holdings starting in December. With the strategic pivot having a clear influence on the cost of borrowing money, investors may anticipate navigating a different monetary paradigm.In its Oct. 29 meeting, the Federal Open Market Committee declared that it wo ...