Why Wayfair Stock Was Slipping This Week
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Wayfair's stock declined this week due to the Federal Reserve's decision to reduce its rate-cut forecast for next year, impacting interest-rate-sensitive stocks.
December 19, 2024 | 7:00 pm
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Wayfair's stock declined due to the Federal Reserve's decision to reduce its rate-cut forecast for next year, impacting interest-rate-sensitive stocks.
The Federal Reserve's decision to cut its rate-cut forecast from four to two for next year negatively impacted interest-rate-sensitive stocks like Wayfair. This decision likely led to increased borrowing costs and reduced consumer spending, affecting Wayfair's stock price.
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