Fed Likely to Cut Rates

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Bank of America Takes a Bullish Stance on These 2 Stocks

Summary

Nutrition label

81% Informative

The Federal Reserve’s FOMC committee will meet today , and with the pace of inflation down to an annualized rate of 2.5% , the conventional wisdom expects the central bank to start cutting rates.

The Fed has held its key funds rate at the 5.25% to 5.50% range since July of last year .

Bank of America analysts are bullish on two particular stocks, forecasting double-digit upside potential.

GE Vernova was formed as an independent company earlier this year , when the parent firm General Electric first merged, and then spun off, its GE Power and GE Renewable Energy divisions.

The company has a focus on green’ technology, and has a publicly stated target of reaching carbon neutrality in its operations and facilities by 2030 .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful