Stocks in This Sector Are Getting a Big Lift on Rising Hopes of a Fed Rate Cut Next Month
1. Homebuilder stocks surged on hopes of an interest rate cut next month. 2. Federal Reserve official indicated potential adjustments to the federal funds rate. 3. 70% chance of a rate cut anticipated, increasing market optimism for homebuilders. 4. D.R. Horton (DHI) shares rose by approximately 7% amid favorable market conditions. 5. Lower mortgage rates could stimulate homebuyer demand and boost revenues for builders.