F - What's Going On With Ford Shares? | Benzinga
Ford Motor Co (NYSE:F) shares are trading higher by 2.1% to $13.46 during Thursday’s session. Shares of several stocks in the broader automotive sector are trading higher following June CPI Data. The Department of Energy has also declared a $1.7 billion funding to transition 11 automotive facilities, currently closed or threatened with closure, into manufacturing sites for electric vehicles and their supply chains.
With CPI inflation slowing more than expected, it signals to the market that inflation is moving closer to the Federal Reserve’s target of 2%. This increases the likelihood that the Federal Reserve will cut interest rates sooner rather than later.
Lower interest rates reduce borrowing costs for consumers and businesses. For Ford, this means cheaper financing options for both the company ...