The Federal Reserve cut interest rates by half a percentage point, signaling a shift in monetary policy and boosting confidence in the economy. Read what investors need to know.

The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.

Ally's dividend per share has grown by 275% since it was initiated in 2018, but increases were paused when interest rate headwinds began. With a 3.54% annual dividend yield, Ally has an attractive-looking dividend with room to grow over the next few years.