Prediction: The Federal Reserve Will Cut Rates In September, and This Ultra-High-Yield Dividend Stock Could Soar [Yahoo! Finance]
Rithm Capital Corp. (RITM)
Company Research
Source: Yahoo! Finance
While politicians are often criticized or cheered for the current state of the economy, the Federal Reserve is actually the institution responsible for setting monetary policy In an effort to combat inflation, the Federal Reserve raised interest rates 11 times throughout 2022 and 2023. In finance jargon, the "cost" of money is interest. So, essentially, borrowing money becomes more expensive and harder to do when interest rates are increased. The goal here is to tighten money supply -- effectively slowing down economic activity. This should (in theory!) bring prices down, resulting in reduced inflation. Right now, the inflation rate in the U.S. is around 2.9%. While this remains elevated compared to the Fed's long-term target of 2%, it is a material improvement from the 9% inflation rate from about two years ago. With that in mind, the Fed may finally be ready to start tapering interest rates. During the Fed's Economic Symposium a couple of weeks ago, Chairman Jerome Powell stro
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RITM
News
- Rithm Capital Corp. (NYSE: RITM) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $13.00 price target on the stock.MarketBeat
- Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights [Yahoo! Finance]Yahoo! Finance
- Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing RightsBusiness Wire
- Rithm Capital Up 3.3% Since Q3 Earnings Beat on Interest Income Growth [Yahoo! Finance]Yahoo! Finance
- Rithm Capital's (NYSE:RITM) five-year earnings growth trails the 2.3% YoY shareholder returns [Yahoo! Finance]Yahoo! Finance
RITM
Earnings
- 10/29/24 - Beat
RITM
Sec Filings
- 11/12/24 - Form 3
- 11/12/24 - Form 3
- 11/5/24 - Form 4
- RITM's page on the SEC website