and the Bank of England are also holding monetary policy meetings later this week. But neither central bank is expected to move on rates, although the language of what the officials say could be an indicator of later moves and still influence markets.
Lower rates would help boost the slowing economy, as it has become increasingly more expensive to borrow money for everything from houses to cars to corporate debt. Both numbers fell short of forecasts for 10% growth in exports and and even higher increases for imports. In the bond market, the 10-year Treasury yield rose to 3.64% from 3.62% late Monday. The two-year yield, which more closely tracks expectations for the Fed’s actions, rose to 3.59% from 3.56%.
We recently compiled a list titled Jim Cramer’s Ultimate Stock Picks: 10 Hot Stocks to Consider. In this article, we will look at where The Home Depot Inc. ranks among Jim Cramer’s 10 hot stocks to consider. In a recent episode of Mad Money, Jim Cramer emphasized the unexpected strength in the market, pointing out Hydrofarm Holdings Group, Inc.
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