Wall Street is expecting the Federal Reserve to begin shifting gears in September.
With a date set, futures traders are beginning to price in the near-term possibility of the central bank cutting interest rates sooner rather than later. Currently, around 76.5% of traders are expecting the Federal Reserve to cut rates by a quarter-percentage point in their upcoming meeting in late September, according to the CME Group’s FedWatch Tool.
Subsequently, around 23.5% of traders believe that the Feds will cut rates by 50 basis points to a target range of 4.75% – 5.00%.
Here are four stocks that could benefit from lower rates.
This post appeared first on 24/7 Wall St.