U.S. stocks rallied Wednesday afternoon when the Fed not only maintained the status quo on interest rates, but also signaled three rate cuts next year. SoFi (SOFI) was among the biggest gainers yesterday, as the fintech company’s share rose over 12%.
In fact, SoFi shares have now more than doubled this year, even as they are still below their 2023 highs. Will the stock continue to go up in 2024 as the Fed pivots to a dovish policy stance? We’ll explore this in this article.
