CHPT - What's Going On With ChargePoint (CHPT) Shares | Benzinga

ChargePoint Holdings Inc (NYSE:CHPT) shares are trading lower by 7.9% to $1.74 Friday, pulling back following strength earlier this week. Earlier this week, ChargePoint saw gains following the Federal Reserve’s decision to maintain interest rates at a range of 5.25% to 5.5%.

The Federal Reserve announced its plan to implement three rate cuts in 2024, aiming for a target midpoint range of 4.6% by year-end, in line with its strategy outlined in December 2023.

However, dissent exists among board members, with nine out of nineteen officials projecting policy rates higher than the median forecast, reflecting a notable division on the speed of future rate adjustments…Read More

Why This Matters To CHPT Investors

The Federal Reserve’s decision to keep interest rates unchanged and potentially lower them in the future is generally positive for growth-oriented companies like ChargePoint. In ...

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