1 Reason Why the Fed's Decision to Keep Interest Rates Steady Is No Match for Costco Stock
Some central bankers believe there will be a rate hike in 2026.
Overview
Kevin Warsh just had his first meeting as the new Federal Reserve chairman. In what was a highly anticipated decision, the world's most powerful central bank chose unanimously to keep the benchmark federal funds rate unchanged within a range of 3.5% to 3.75%.
Half of the meeting's participants also expect at least one rate hike in 2026. This is unwelcome news for investors who were hoping for a more accommodative interest rate policy. Blame it on elevated inflation levels.
Details
But Costco Wholesale (NASDAQ: COST) shareholders aren't worried. Here is one clear reason why the Fed's moves are no match for this top retail stock.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.