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EXCLUSIVE: This 'Magnificent 7' Stock Will Feel The Pinch Of Fed's Rate Decision, Poll Shows

Benzinga ·  Jan 31 20:54

After cutting the federal funds rate three straight times to end 2024, the Federal Reserve left rates unchanged in January.

A new Benzinga reader poll asks which Magnificent 7 stock could be most hurt by the decision.

What Happened:The Fed kept the federal funds rate steady in January at 4.25% to 4.5%, a decision that comes after three straight cuts totaling 100 basis points in 2024.

Cutting interest rates can help make borrowing more affordable and can lead to economic growth.

The Magnificent Seven stocks are among the largest companies in the world and can sometimes be insulated from economic pressures. Better borrowing rates could...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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