Kinsale Capital Shares Surge on Fed Rate Cut Hints

Kinsale Capital Groups shares surged by 4.4% following hints of potential interest rate cuts from a Federal Reserve official. Lower rates could boost the companys bond holdings and economic activity, making it a positive development for the financial sector. Despite todays gain, Kinsales shares have experienced volatility, with a 15.3% decline since the start of the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.