1 Super Stock Down 93% to Buy Before the Fed Cuts Interest Rates
RDFNRedfin(RDFN) The Motley Fool·2024-06-25 17:54

Don't be put off by this stock's dismal performance lately -- now could be the best time to buy it with interest rate cuts on the horizon. In June 2022, the Consumer Price Index (CPI) measure of inflation hit an annualized rate of 9.1%, which was the highest level in 40 years, and far above the U.S. Federal Reserve's target of 2%. To bring it down, the Fed aggressively hiked the federal funds rate from a historic low of 0.25% all the way to 5.50%. The housing market has been a big casualty of that policy sh ...