Published On Nov 7, 2024, 2:09 PM
The Federal Open Market Committee (FOMC) released a statement outlining changes from its September meeting regarding monetary policy. Key updates include adjustments in economic projections and insights on inflation and employment. These changes are indicative of the Fed's current stance on interest rates and economic outlook.
Positive
With the Fed indicating a potentially more accommodative policy in response to economic conditions, financial sectors and interest-sensitive sectors could see positive momentum. Investors may look towards financial stocks, particularly those involved in lending and mortgage services.
Positive
As the Fed adjusts its monetary policy and economists adjust their expectations for economic growth, investors may view consumer discretionary stocks favorably, especially those that could benefit from lower interest rates boosting consumer spending.
Nov 7, 2024, 2:00 PM
The Federal Reserve approved its second consecutive interest rate cut Thursday.
Nov 7, 2024, 12:02 PM
Federal Reserve officials are widely expected to cut rates by a quarter point, as uncertainty about a second Trump presidency looms large.
Nov 7, 2024, 11:00 AM
Deal-making has slowed in recent years, largely due to high interest rates, soaring company valuations and a tight regulatory environment.