Fed Signals Likely Rate Cuts In September: Buy These 3 High-Yield Blue-Chip Stocks Today

Aug. 01, 2024 9:55 AM ET, , , , , , , 23 Comments
(18min)

Summary

  • Fed Chairman Jerome Powell hinted at a possible rate cut at the September meeting, reinforcing investor expectations.
  • Powell expresses confidence in achieving a soft landing, as inflation trends towards the 2% target.
  • These are 3 high-yield dividend stocks which should benefit.
  • Looking for a portfolio of ideas like this one? Members of The Dividend Freedom Tribe get exclusive access to our subscriber-only portfolios. Learn More »

Fed Chair Jerome Powell Participates In Economic Club Interview

Nathan Howard/Getty Images News

Written by Sam Kovacs.

Introduction

If we were to see inflation moving down ... more or less in line with expectations, growth remains reasonably strong, and the labor market remains consistent with current conditions, then I think a rate cut

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of AVGO, PM, BTI, PFE, VZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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