Federal Reserve Chairman Jerome Powell Just Cut Interest Rates. 3 Top Stocks to Buy Now.

It wasn't a big surprise that Federal Reserve Chairman Jerome Powell cut interest rates at the Fed's September meeting on Wednesday. In July, he implied in no uncertain terms that a rate cut was coming, and the likelihood was that it was going be a quarter of a point. That's what has happened. The governing body also signaled that two more cuts would come at its next two meetings, in October and December.Powell noted that there are mixed signals in the economy, which made it a difficult decision. Normally, the Fed keeps rates high until inflation backs down, and right now, inflation is higher than the Fed wants it to be. Nonetheless, the once-strong job market is beginning to falter, and a reduction in interest rates should stimulate the economy and employment opportunities.A more active economy with more jobs and money flowing is great news for most businesses, and some companies will feel the change more acutely. Visa (NYSE: V), SoFi Technologies (NASDAQ: SOFI), and Carnival (NYSE: CCL)(NYSE: CUK), are three stocks that should benefit in a big way.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool