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Home Depot Cautious on Renovation Demand Despite Fiscal and Monetary Policy Shifts
Home Depot Cautious on Renovation Demand Despite Fiscal and Monetary Policy Shifts
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BTCCSquare news:
Home Depot's leadership struck a cautious tone on near-term renovation demand despite recent tax policy clarity and potential Federal Reserve rate cuts. CEO Edward Decker noted reduced economic uncertainty following tax policy enactment, while CFO Richard McPhail maintained the company's forecast assumes no resurgence in financed projects.
The home improvement giant observes continued consumer hesitation around large-scale renovations due to elevated interest rates, with an estimated $50 billion in deferred home improvement spending across the sector. Market expectations of impending rate cuts have yet to translate into changed customer behavior for big-ticket projects.
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