Stocks could suffer from a Fed rate cut

Fed Rate Cut Is Not the Primary Driver of Stock Market Rally, Says Bespoke’s Paul Hickey

Investors eagerly awaiting a Federal Reserve rate cut this year might be disappointed, as it may not have the desired effect on the market, according to Bespoke co-founder Paul Hickey. He warned investors to “be careful what you wish for,” pointing out that rate cuts are typically implemented during challenging economic times. While some analysts believe a rate cut could indicate a successful soft landing for the economy, others predict it may lead to an economic slowdown.