What Does a Rate Cut Mean for Discount Retailers?

When the Federal Open Market Committee (FOMC) voted to lower the federal funds rate by 50 basis points—rather than a widely expected 25—at its September meeting, the S&P 500 continued its seemingly optimistic path skyward to fresh record highs. Many investors had already factored an anticipated rate cut into their calculations, helping to push the market upward throughout most of this month.However, while the broad response to news of the rate cut was largely positive, the immediate and medium-term impact o ...