5 Stocks With High ROE to Buy as Markets Await Fed Rate Cut Decision
After a tentative start to the month, the broader equity markets witnessed a four-day winning streak last week as the odds of the Federal Reserve lowering its benchmark borrowing rate at its final meeting of the year later this week significantly increased. Markets are currently pricing a roughly 89% chance of a rate cut, significantly up from 67% expected a month ago. However, the surging 10-year Treasury yield punctured the short-term market rally yesterday as skepticism crept in with the recent release of key economic data.
The shutdown-delayed core personal consumption expenditures price index from the Commerce Department for September revealed an annual tally of 2.8% ??? slightly lower than broad-based expectations of a 2.9%…
