Reported 8 months ago
Publicly listed banks estimate that the Federal Reserve is likely to initiate rate cuts between September and November 2024, with a positive impact expected on the stock market. The potential rate cuts are seen towards the 'normalization of rates' strategy, and with the possibility of AI driving increased corporate investments, national banks and financial institutions are generally optimistic about the future of US stocks. This anticipated rate cut is expected to benefit both stock and bond markets, with emphasis on long-term bonds responding more noticeably to the stimulus. Overall, there is a positive outlook on US stocks for the second half of the year amidst the uncertain global economic landscape.
Source: YAHOO