Brian Belski, chief investment strategist at BMO Capital Markets, talks about the importance of stock selection on “The Claman Countdown.”
Stocks extended their solid weekly gains as the Dow and S&P 500 held on to record highs.
The rise came after the Federal Reserve cut interest rates for the first time since March 2020.
A 50 basis point rate cut would likely mark the start of a new easing cycle, but one policy maker has poured cold water on the move.
Mortgages, credit card interest rates, auto loans and overall borrowing costs could become cheaper for ordinary Americans.
FOX Business explains how the move will impact the company's bottom line…
Historic rate cuts: The Federal Reserve cut interest rates for the first time in four years and policymakers have signaled they plan to cut further…Read more here. Spoiler? One Federal Reserve official did not support cutting interest rates, and here's why:Read more here.
video: Did the Federal Reserve Help the U.S. Avoid a Recession?
Stock price surge: The three major U.S. stock indexes are up more than 1% this week after mixed performance on Friday.Learn more about the market. Enthusiasm after the Federal Reserve's interest rate cut pushed the Dow Jones Industrial Average above 42,000 for the first time.…Read more here.
video: Before the Fed acted, the stock market was hitting new highs. Will this continue?
Mortgage Momentum?: Mortgage rates fell again this week, with fixed rates on 30-year loans down significantly from 7.19% a year ago.Read more here. If the Fed keeps cutting rates, how far will mortgage rates fall? Read more here.
Credit card bailout? The average interest rate or APR on credit cards is a whopping over 20%, and while this percentage will fall as interest rates fall, those with credit card balances may be disappointed…Read more here.
Car loans: If you're in the market for a new or used car, the Fed's interest rate cuts may give you more purchasing power, but timing your big-ticket purchase is key.…Read more here.
Buy now, pay later: Affirm co-founder and CEO Max Levchin says lower interest rates will allow the company to offer better terms to customers and borrowers…Check out his full interview here.
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