Powell Just Teased a Fed Rate Cut Next Year. Will Stocks Embark on a Major Bull…

Investors are on cloud nine after Federal Reserve Chair Jerome Powell hinted at potential rate cuts coming next year , fueling a potential 2024 bull run. Indeed, Fed officials forecast as many as three interest rate cuts in the coming year, signaling that the U.S. economy is entering a new stage in its inflation fight. What does this mean for stocks? Well, by most accounts, the notion of falling lending rates is bullish for the stock market. Indeed, high interest rates tend to work against spending, economic growth and unemployment — all things that hurt publicly traded businesses. As rates fall, it’s only reasonable to expect…