Expect Home Depot Share Price To Drop As Fed Raises Rates
- The Federal Reserve announced Wednesday that it would not raise the Federal Funds rate for a "considerable time."
- Home improvement company Home Depot saw a modest gain on the news, but don’t expect that to last. Increases on the Fed Fund rate could come next year.
- Home Depot is dealing with the aftermath of security issues. Add this to a higher Fed Funds rate, and Home Depot's share price is likely to fall.