The high interest rate environment over the past year and a half has been challenging for growth stocks - at least, for those that haven't been swept up in the epic artificial intelligence (AI)-fueled rally powering some of the tech sector standouts.
While the Fed's policy-tightening campaign to combat rising inflation has been a headwind for some rate-sensitive stocks, indications out of this week's meeting seem to confirm that the table is set for a full-on pivot to rate cuts in 2024 - which means the path of least resistance may be higher for growth names in the year ahead.
