Most analysts expect the central bank to maintain rates at current levels. In a bid to cool red-hot post-pandemic inflation, the Fed has raised interest rates 11 times during the past year-and-a-half. The Fed’s rate currently sits at a 22-year high of 5.4%.
Analysts forecast that the the package delivery company’s earnings rose to $3.72 per share on $21.8 billion in sales in the period. In the same period a year ago, FedEx logged profit of $3.44 per share, short of Wall Street expectations. Sales have fallen for four straight quarters and investors will be watching to see if demand continues to decline.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: