Home Depot may need an interest rate cut to boost its sales
HDHome Depot(HD) CNBC·2024-08-14 00:56

A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California.Just like Wall Street, Home Depot is closely watching the Federal Reserve's next move.In an interview with CNBC, Chief Financial Officer Richard McPhail said homeowners have postponed moving into new houses or starting major projects that require financing because of higher interest rates. That waiting game has only intensified with a potential interest rate cut in sight."What our customers tell their ...