Published on 5 Apr 2024 on Insider Monkey via Yahoo Finance
11 Best Technology Penny Stocks To Invest In Now
In this article, we will take a detailed look at the 11 Best Technology Penny Stocks To Invest In Now. For a quick overview of the 5 such stocks, read our article 5 Best Technology Penny Stocks To Invest In Now.
Yet another stronger-than-expected jobs report published on Friday is further dampening investors’ hopes of seeing the first rate cut from the Federal Reserve in June. Analysts have started to predict that the Federal Reserve might further delay its first rate cut to avoid seeing a strong rebound in inflation down the road. Piper Sandler said in its fresh note that latest data is showing the US labor market is “even stronger than we thought and maybe getting stronger.” Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan, also said in a note that investors are beginning to digest the possibility of not seeing three rate cuts this year. He thinks the Fed could cut rates twice this year, but it’s still early to say anything.
Possibility of No Rate Cuts in 2024?