3 Financial Mutual Funds to Buy With Rate Cuts on the Horizon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 19 2024
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Source: NASDAQ.COM
Federal Reserve Interest Rate Changes: The Federal Reserve paused interest rate hikes in June 2023 after ten consecutive increases, with expectations of at least three rate cuts in 2024, contingent on inflation data. Predictions indicate a high probability of a 25 basis point cut in September 2024, but further cuts remain uncertain.
Financial Mutual Funds Recommendations: Three financial mutual funds with strong performance and low expense ratios are highlighted: T. Rowe Price Financial Services (PRISX), Fidelity Select Financials Portfolio (FIDSX), and Fidelity Select Brokerage & Investment Management (FSLBX), all showing positive annualized returns and significant investments in the financial sector.
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.
