Home Depot and Lowe's Shares Drop After Federal Reserve Holds Interest Rates Steady
Following the Federal Reserve's decision to keep interest rates unchanged, shares of Home Depot (HD) and Lowe's Companies (LOW) fell by approximately 2.5% to 3%. The rate hold was announced on June 17, with no immediate relief for housing market pressures expected in 2026.
Topics: Federal Reserve Home Depot housing market interest rates Lowe's