Wall Street rose after producer prices came in softer than expected, raising hopes of a rate cut.
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, citing weak demand due to high interest rates and consumer uncertainty. The home improvement retailer forecast comparable sales decline of 3% to 4%, while total sales are projected to increase between 2.5% and 3.5%, primarily driven by its acquisition of SRS Distribution. CFO Richard McPhail noted a shift in consumer behavior, with customers delaying projects not only due to financing costs but also a growing sense of economic uncertainty.
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