Interest Rates Are About to Do Something They Haven’t Done Since December 2024, and It Could Foreshadow a Surprising Move in the Stock Market
The odds of a September interest rate cut are skyrocketing, according to Wall Street. The U.S. Federal Reserve lowered the federal funds rate (overnight interest rate) three times between September and December last year, reversing some of its aggressive hikes from 2022 and 2023. The rate cuts were justified because inflation — as measured by…