3 Stocks to Snap Up Before Any Interest Rates Cuts
Snap(SNAP) InvestorPlace·2024-02-07 17:01
Stock markets usually climb when interest rates are cut because many businesses respond to rate declines by borrowing more in order to expand. This trend causes companies to hire more employees, driving consumer consumption, the main driver of the U.S. economy, higher. Additionally, consumers tend to borrow more when rates go down, allowing them to make more large purchases. As a result, the firms that sell the most expensive items, such as vehicles and homes, tend to be most significantly affected by rate ...