What's Going On With Apple Shares
Portfolio Pulse from Henry Khederian
Apple Inc's shares are trading higher by 0.39% to $194.37 amid market volatility ahead of the Federal Reserve's decision on interest rates. Higher interest rates could increase Apple's borrowing costs and potentially affect consumer spending, which could influence Apple's revenue and sales. The Federal Reserve is expected to raise rates by 0.25%, bringing the fed funds rate to its highest level in over 20 years.
July 26, 2023 | 5:23 pm
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Apple's stock is trading higher ahead of the Federal Reserve's decision on interest rates. A rise in interest rates could increase Apple's borrowing costs and potentially affect consumer spending, which could impact Apple's revenue and sales.
Apple's stock is trading higher ahead of the Federal Reserve's decision on interest rates. If the Federal Reserve raises rates, it could increase Apple's borrowing costs and potentially affect consumer spending. This could impact Apple's revenue and sales, which could in turn affect the company's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100