Dow Could Soar 24% After Expected Fed Rate Cuts This Year: Historical Precedent Points to Gains if No Recession
• The Dow could surge 24% after the Fed's first rate cut later this year, according to Ned Davis Research • Historically, the Dow gains an average of 15% a year after the first rate cut • But if there's no recession, gains have averaged 24% instead • The Fed plans to cut rates at least 3 times in 2023 after inflation has moderated • If the 24% historical gain is realized, the Dow would reach around 47,000