Fed Rate Cuts to Boost Retail Sector: 4 Stocks With Most Upside
CHWYChewy(CHWY) ZACKS·2024-09-19 03:01

The retail sector is staging a solid comeback as inflationary pressures ease. The sector struggled for months, crippled by sky-high inflation and higher borrowing costs. The jump in August retail sales proves that the U.S. economy is on solid ground.The retail sector is expected to get a further boost as the Fed gears up to announce its rate cut today, the first since March 2020. Given this scenario, investing in retail stocks would be a prudent choice.We have narrowed our search to four retail stocks such ...