Powell did not mince his words, and he reiterated that the Fed will continue to tighten its monetary policies and interest rate hikes to calm the inflation in the US economy. =
With the holiday season coming up, investors may need to turn back to the retail juggernaut as the stock price could definitely be on the rise in the short-term future.
Its stock reached all time high on 2 September when it hit $358.66 per share. This, however, was only short lasting event even and the price dropped to $348.30 on the following day.