Used Rolex Prices Seen Benefiting From Rate Cuts

Prices for second-hand luxury watches from brands including Rolex, Patek Philippe and Audemars Piguet tumbled as the US Federal Reserve raised interest rates to cool soaring inflation, the Bloomberg Subdial Watch Index shows.

Now there’s reason for optimism that pressure may ease. The US central bank signalled Wednesday that its steepest round of hikes in a generation has likely come to an end. Lending costs could begin to decline next year…