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interest rate cutCNBC
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82% Informative
Home Depot CFO Richard McPhail says consumers are waiting for a Federal Reserve interest rate cut.
The retailer has been hurt by higher interest rates, which have slowed housing turnover and demand for bigger projects.
CEO Ted Decker said consumer uncertainty could linger, even if mortgage rates drop.
The average rate on a 30-year fixed mortgage is 6.4% early this month .
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