3 Preferred Funds to Play the Powell Pause, Yields up to 9.2%

The Fed “pause” is on—and that means we’re this much closer to the first rate cut since the COVID-caused race to zero. It’ll soon be “game on” for fixed income of all sorts. And that includes one class of stock that has been kicked deep into value territory—giving us a potential one-two punch of high income (6.9% to 9.2% yields) and a violent bounce off the bottom. More on these sweet payouts in just a second. A High-Yield Way to Ride Powell’s Coattails Federal Reserve Chair Jerome Powell and his henchmen at the central bank recently made the call to keep the benchmark fed funds rate level—a clear acknowledgement that the economy is indeed slowing.… Read more