3 Financial Mutual Funds to Buy in View of Imminent Rate Cuts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
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Source: NASDAQ.COM
Interest Rate Cuts Anticipated: Fed Chair Jerome Powell indicates potential interest rate cuts in September as inflation aligns with the Fed's targets, with a 63% chance of a 50-basis point cut being discussed among investors.
Investment Opportunities in Financial Mutual Funds: The article highlights three financial mutual funds (T. Rowe Price Financial Services PRISX, Fidelity Select Consumer Discretionary Portfolio FSCPX, and Fidelity Select Financials Portfolio FIDSX) that have strong performance metrics and low expense ratios, suggesting they may provide stability in a high-rate environment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
