The US dollar has surged in October, marking its largest monthly gain in over two years, driven by expectations of a strong economy and a potential victory for Donald Trump in the upcoming presidential election. Market participants believe that a Republican win would lead to inflationary pressures, keeping interest rates higher. Despite recent economic data supporting the dollar, the outcome of the election remains uncertain, with polls showing a tight race between Trump and Kamala Harris on November 5.
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One Financial Stock to Consider During a Fed Rate Cut
The Federal Reserve's recent interest rate cut has generated optimism on Wall Street, particularly benefiting real estate investment trust W.P. Carey (NYSE: WPC), which has faced challenges from rising rates in 2022 and 2023. As a net lease landlord, W.P. Carey relies on borrowing for growth, making lower rates advantageous for its operations and cost structure. Want More Context? 🔎
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