Stock Market Winners & Losers: Stocks Rise as Fed Pivot Fuels Euphoria | What a Fed Rate Cut Could Mean for You

Winner: Stocks rise as Fed pivot fuels euphoria
• Stocks gained, as investors continued to celebrate a dovish shift by the Federal Reserve that helped propel the Dow to a new all-time closing high, an everything rally . . .even Global markets are caught up in a wild rally.
• The Fed signaled is unlikely to hike interest rates further and that it could cut rates three times next year.
• Inflation is cooling and there is no sharp rise in unemployment.
• The Federal Reserve signaled that there may be multiple interest rate cuts in 2024.
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Winner: What a Fed rate cut could mean for you
• The Federal Reserve announced that it’s holding interest rates steady,.
• The Fed’s decision comes as inflation dropped to 3.1 percent year-over-year in November, after hitting the highest levels in decades at over 9 percent in mid-2022.
• The Federal Reserve is done raising interest rates in this cycle – and admitted they are likely to cut rates 75 basis points in 2024 if not more.
Here are the winners and losers from the Fed’s latest decision.
1. Savings accounts and CDs – loser or Neutral as Savings, CDs and money market accounts,. Yields are as good as they’re going to get
2. Mortgages - Mortgage rates have dropped from 8% to 7% and should be able to work lower to 6% over the next 12 to 15 months.
3. Stock and bond investors – Winner - Lower rates are beneficial for stocks, making them look like a more attractive investment in comparison to rates on bonds and fixed-income investments such as CDs.
4. Borrowers – Winner - Credit cards, student loans, personal loans, auto loans or whatever else you might need to borrow for.

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