“The time has come for policy to adjust,”
Those are the sweetest eight words that stock investors could have heard Friday morning as Jerome Powell delivered his annual speech at the Jackson Hole Economic Symposium.
No, he didn’t cut rates today, but the message indicates that there’s no turning back for the Fed now and that interest rates will come down on September 18.
So, What Are the Three Stocks that Love These Eight Words?
This post originally appeared at Money Morning.