Citigroup forecasts that the Federal Reserve will lower interest rates by 75 basis points through three separate cuts in 2023, with the first in September. President Trump advocates for these cuts, emphasizing the actions of other central banks. This environment could greatly benefit high-yield dividend stocks, which are expected to see increased demand as investors seek reliable passive income. The recent strong jobs report contrasts with overall economic slowdown, suggesting potential for economic growth if rates are cut, especially for growth and income investors in the latter half of 2023.
High-yield dividend stocks could explode higher with three interest rate cuts.
President Trump has pushed for the Fed to cut rates, citing the European Union and other Central banks.
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