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This Stock Market Lifeline Could Come from a Surprising Place: Australia

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By CCN: The U.S. stock market struggled for much of the past month, sending the S&P 500, Dow Jones, and Nasdaq lower amid a rapidly-intensifying U.S.-China trade conflict. However, a growing number of equity strategists expect the Federal Reserve to slash its benchmark interest rate, and the impetus for that policy shift could come from a surprising location: Australia. Australia’s Rate Cut Previews Bullish Scenario for US Stock Market On Tuesday, the Reserve Bank of Australia cut the country’s benchmark interest rate for the first time since 2016 to 1.25 percent, opening up the possibility of another drop in the

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* First published on ccn.com

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