Benzinga
Benzinga
  • last year
The Federal Reserve indicated that inflation is declining more rapidly than anticipated, which may lead to greater-than-expected reductions in interest rates. Despite the economy slowing down from its previously high growth rates, it continues to expand. Investors are seeing a soft landing in sight and eyeing stocks that had previously been hammered by fears of higher interest rates. Areas like Real Estate, regional banks, and Cathie Wood's Ark Innovation ETF are leading the market rally as the path to rate cuts has become clearer. The market moves to align with bullish 2024 outlooks from strategists who said sectors like Financials were well positioned to outperform next year.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Federal Reserve indicated that inflation is declining more rapidly than anticipated, which
00:07 may lead to greater than expected reductions in interest rates.
00:11 Despite the economy slowing down from its previously high growth rates, it continues
00:14 to expand.
00:16 Investors are seeing a soft landing in sight in eyeing stocks that had been previously
00:20 hammered by fears of higher interest rates.
00:22 Areas like real estate, regional banks, and Cathie Wood's ARK Innovation ETF are leading
00:27 the market rally as the path to rate cuts has become clearer.
00:30 For all things money, visit Benzinga.com.
00:32 (thudding)

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