Published On Oct 8, 2024, 3:00 AM
Federal Reserve official Kugler expressed support for additional interest rate cuts if inflation trends downward. He noted that decreasing rates could aid economic growth, particularly in residential home sales and the construction sector, which are sensitive to interest rate changes.
Positive
With expectations for more rate cuts from the Fed, interest-sensitive sectors such as real estate and homebuilders may benefit from lower borrowing costs. This could lead to increased demand for housing and support economic activity, enhancing prospects for stocks in these sectors.
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