Shift Four Stock Surges on Fed Rate Cut Hopes

Shift Four stock surged by over five percent today, following New York Federal Reserve President John Williams hint at a potential interest rate cut. This news increased the likelihood of a December rate cut from thirty-seven to seventy percent. While lower rates can impact banks, investors generally view them positively for the economy, potentially boosting loan demand and reducing defaults. Despite todays gain, Shift Four is still down nearly thirty-six percent this year and trades below its fifty-two-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.