Higher for Longer: 3 Stocks to Benefit from Falling Rate Cut Expectations

At the start of 2024, traders were pricing in an incredibly dovish six rate cuts this year, but not anymore. After strong economic growth, robust labor, and hotter than forecasted inflation data rolled in, expectations have fallen to just four cuts now.And this makes sense. If the economy and labor market is strong, and there is a risk of inflation reaccelerating, why would the Central Bank rush to cut interest rates?Interestingly, Fed Chair Jerome Powell was quite clear during the December meeting, that he ...