UBS: Fed Rate Cuts Could Boost Stock Market, S&P 500 Annualized Return May Reach 15%
According to ChainCatcher, citing Golden Ten Data, UBS pointed out that historically, when the Federal Reserve cuts interest rates during non-recession periods, the stock market performs best. Based on data since 1970, when the economy has not fallen into recession and the Federal Reserve has cut rates, the average annualized return of the S&P 500 Index is 15%. UBS stated that the macro environment may continue to be in the most favorable state at the beginning of next year, supporting the next round of stock market gains.
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The three major U.S. stock indexes edged higher.
