Prediction: The Federal Reserve Will Cut Rates In September, and This Ultra-High-Yield Dividend Stock Could Soar
RITMRithm Capital (RITM) The Motley Fool·2024-09-10 08:01

Recent remarks from Federal Reserve Chairman Powell have me thinking interest rate cuts may finally be on the horizon.A core theme of the economy over the last couple of years is abnormally high inflation. While politicians are often criticized or cheered for the current state of the economy, the Federal Reserve is actually the institution responsible for setting monetary policy.In an effort to combat inflation, the Federal Reserve raised interest rates 11 times throughout 2022 and 2023. In finance jargon, ...