Rate Cut to Significantly Benefit Small-Cap Stocks: 5 Top Picks
American Superconductor (AMSC) ZACKS·2024-09-23 20:25
Last week, Wall Street cheered the Fed’s decision to reduce the benchmark lending rate by 50 basis points. The latest “dot-plot” of the central bank has indicated another 50 basis-point interest rate cut this year. In addition, with the fundamentals of the U.S. economy remaining rock solid, fears of an imminent recession have evaporated.A low-interest rate regime is likely to benefit small businesses the most. Consequently, investment in this space should be fruitful in the short-to-near term. We have narro ...