Expect Home Depot Share Price To Drop As Fed Raises Rates

The Federal Reserve announced Wednesday that it would not raise the Federal Funds rate for a “considerable time.” Home improvement company Home Depot saw a modest gain on the news, but don’t expect that to last. Increases on the Fed Fund rate could come next year. Home Depot is dealing with the aftermath of security issues. Add this to a higher Fed Funds rate, and Home Depot’s share price is likely to fall. Read more at Seeking Alpha.