Tag: US economy
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![The Federal Reserve raises interest rates to highest level since 2001]()
The Federal Reserve raises interest rates to highest level since 2001
The Federal Reserve previously said that there will be two more interest rate hikes by the end of the year. Well the Fed has kept their promise so far by raising interest rates in the July meeting, taking rates to 5.25%-5.50%, the highest level since 2001. A 25 basis point hike which was expected by…
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![Home Depot posts worst revenue miss in 20 years, signs of recession?]()
Home Depot posts worst revenue miss in 20 years, signs of recession?
Home Depot (HD) reported fiscal first quarter 2023 earnings which mostly missed estimates and has raised concerns that the consumer is being tapped out. Put it another way in our consumer based economy, are signs of an economic slowdown or recession increasing? This has been on the mind of investors ever since the Fed has…
