Top 5 Utility Stocks Set to Gain on Possible Interest Rate Cuts
AWKAmerican Water Works pany(AWK) ZACKS·2024-09-12 03:00

Wall Street is keenly waiting for the outcome of the Fed’s most crucial FOMC meeting scheduled Sept. 17-18. Market participants are highly enthusiastic about the beginning of the low interest rate and accommodative monetary regime. The CME FedWatch tool currently shows a 100% probability of a 25-basis-point rate cut along with a 35% chance of a 50-basis-point rate cut this month.  Under this scenario, the utility sector is in focus. Utility operations are capital-intensive, as consistent investments are req ...