U.S. Fed projected to reduce interest rates 3x in 2024, potentially boosting JPMorgan, D.R. Horton, and SoFi stocks.
The U.S. Federal Reserve is projected to reduce interest rates by 25 basis points at each of its remaining three meetings in 2024. This could lead to significant growth for three stocks: JPMorgan Chase, benefiting from stronger revenue and a defensive market position; D.R. Horton, which may thrive on increased housing demand due to lower mortgage rates; and SoFi Technologies, which could attract more clients through its refinancing services.
September 07, 2024
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