3 Stocks Set to Bounce on Interest Rate Cuts
Slowly but surely, it appears that inflation is starting to cool off, and the Federal Reserve will be able to start cutting its benchmark interest rate. Last week, the monthly employment report hinted at a gradual deceleration in the economy. Specifically, the unemployment rate ticked up to 4.0% for May. That ended a 27-month streak of the U.S. unemployment rate remaining below 4%. While unemployment is hardly a crisis at current levels, it does appear that the economy's post-pandemic boom is starting to mo ...