The Fed Just Cut Interest Rates: 3 Stocks to Buy Hand Over Fist
DDominion Energy(D) The Motley Fool·2024-09-20 16:45

When rates go down, these stocks should go up.Four-plus years passed without an interest-rate cut from the Federal Reserve. That changed Wednesday when the Fed lowered rates by an unexpectedly large 0.5%.Investors' initial reactions were muted. However, the stock market soared on Thursday as they digested the impact of the big rate cut. Even better, the Federal Open Market Committee indicated that interest rates could be reduced by another 0.5% by the end of the year. The Fed's move could be just the ticket ...