HEALTHY ECONOMIC growth is welcomed everywhere, from Main Street to the White House. Just not on Wall Street.That's because some investors were counting on the Federal Reserve to start cutting interest rates this year to offset economic weakness. Shareholders like rate cuts because they lower corporate borrowing costs, which then boost earnings.
January 18, 2007 at 12:00 AM
1 minute read
HEALTHY ECONOMIC growth is welcomed everywhere, from Main Street to the White House. Just not on Wall Street.
That’s because some investors were counting on the Federal Reserve to start cutting interest rates this year to offset economic weakness. Shareholders like rate cuts because they lower corporate borrowing costs, which then boost earnings.
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