Jerome Powell Just Cut Rates. Here Are Stocks That Could Soar.

The market has long anticipated the Federal Reserve's quarter-point rate cut, but as ever, the next question is what and when its next move will be. Or rather, what is the bond market assuming its next move will be? The good news for interest rate doves is that the market, initially at least, is pricing in lower interest rates on the way, which would be great news for interest-rate-sensitive stocks like Whirlpool (NYSE: WHR) and Tesla (NASDAQ: TSLA).Image source: Getty Images.The Federal Reserve's Federal Open Market Committee (FOMC) voted 11-1 in favor of the rate cut, with one dissenting member voting for a more aggressive 0.5-percentage-point cut. The rate cut was accompanied by a decline in bond market benchmark 10-year Treasury yields and a decrease in 30-year mortgage rates.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool