2 Stocks Poised to Soar When the Fed Cuts Rates in 2024
Nobody really knows when the Federal Reserve will begin the next cycle of lowering interest rates. But everyone knows it is coming. The Fed will have to begin dropping rates as inflation gets closer to a more normalized level.
For investors, that means looking ahead at what sectors and stocks will benefit the most. And it would be smart to own those names before shares are bid higher as rate cuts become a reality. Here are two names that should benefit and give investors a reliable stream of income to boot.
Many people own real estate investment trusts (REITs) as a source of income. For much of the past decade, most REITs paid higher dividend yields than one could find in savings accounts or from bonds. But with interest rates soaring over the past two years, these investments were not a smart income alternative to savings accounts.
Source Fool.com
