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Stock impact report

4 Retail Stocks to Buy as Further Rate Cuts Loom [Yahoo! Finance]

Caseys General Stores, Inc. (CASY) 
Last caseys general stores, inc. earnings: 3/9 04:13 pm Check Earnings Report
US:NASDAQ Investor Relations: caseys.com/investor-relations
Company Research Source: Yahoo! Finance
However, with the Fed having started cutting interest rates from its September meeting, the sector looks potentially lucrative. While inflation has been coming down and the GDP advance estimate for third-quarter 2024 has shown that the economy is on the right path, the rate-cutting decision by the Fed is, in fact, the single most important factor driving discretionaries and making the retail segment tempting again. While the central bank cut rates by 50 basis points in September, it is currently widely expected to announce a further cut of 25 basis points at its November meet. Lower interest rates will reduce new borrowing costs and encourage consumers to increase their discretionary purchases. When the pocket widens, pent-up demand can prompt higher spending on small and large luxuries. The consumer discretionary market, which includes non-essential products like fashion, goods and household products, benefits from economic recovery and rising disposable incomes. Rising persona Show less Read more
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