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Caterpillar Inc. (CAT) is a world-famous American developer, designer and seller of various mining and construction products, including equipment, natural gas and diesel engines, diesel-electric locomotives and gas turbines. With $89 billion in assets, Caterpillar is a leader in its industry and a member of Fortune 500 list. Traded on the NYSE as CAT, Caterpillar is a Dow Jones, S&P 100 and S&P 500 component. The company also markets and licenses a popular clothing and work-wear boots under its Cat brand.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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